Insider Buying: Oxford Industries, Inc. (NYSE:OXM) CEO Purchases 6,500 Shares of Stock

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Thomas Caldecot Chubb III acquired 6,500 shares of Oxford Industries stock in a transaction dated Monday, June 16th. The shares were purchased at an average cost of $40.12 per share, with a total value of $260,780.00. Following the completion of the transaction, the chief executive officer now directly owns 59,063 shares of the company's stock, valued at $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Oxford Industries Stock Performance

Shares of OXM traded down $1.62 during mid-day trading on Thursday, reaching $40.78. The company's stock had a trading volume of 483,826 shares, compared to its average volume of 388,991. Oxford Industries, Inc. has a 1-year low of $38.74 and a 1-year high of $108.51. The stock has a market cap of $609.25 million, a P/E ratio of 7.92 and a beta of 1.45. The business has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $64.97. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The company had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same period last year, the firm posted $2.66 earnings per share. The business's revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.69 dividend. The ex-dividend date is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.77%. Oxford Industries's payout ratio is 53.59%.

Institutional Trading of Oxford Industries

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its stake in shares of Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock worth $328,000 after purchasing an additional 137 shares during the period. PNC Financial Services Group Inc. increased its stake in Oxford Industries by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock worth $195,000 after acquiring an additional 185 shares during the period. Illinois Municipal Retirement Fund increased its stake in Oxford Industries by 3.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock worth $471,000 after acquiring an additional 267 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock worth $664,000 after acquiring an additional 280 shares during the period. Finally, Truvestments Capital LLC increased its stake in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXM has been the subject of a number of analyst reports. Truist Financial decreased their price target on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday, June 12th. UBS Group raised their price target on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Citigroup decreased their price target on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $52.00 price target on shares of Oxford Industries in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $55.80.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.