Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III acquired 3,500 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was purchased at an average cost of $30.93 per share, with a total value of $108,255.00. Following the completion of the transaction, the chief executive officer owned 33,700 shares in the company, valued at $1,042,341. The trade was a 11.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Thomas Caldecot Chubb III also recently made the following trade(s):
- On Friday, June 12th, Thomas Chubb, III bought 2,500 shares of Oxford Industries stock. The shares were acquired at an average cost of $36.90 per share, for a total transaction of $92,250.00.
Oxford Industries Stock Down 2.8%
Shares of NYSE:OXM traded down $0.87 during trading on Wednesday, hitting $30.70. The company’s stock had a trading volume of 523,342 shares, compared to its average volume of 384,549. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 1.17. Oxford Industries, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $51.61. The stock’s 50-day moving average price is $37.17 and its two-hundred day moving average price is $39.06. The company has a market capitalization of $458.37 million, a PE ratio of -60.19 and a beta of 1.06.
Oxford Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Friday, October 16th. Oxford Industries’s payout ratio is -549.02%.
Hedge Funds Weigh In On Oxford Industries
Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Oxford Industries by 33.9% during the first quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 1,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after buying an additional 387 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after buying an additional 222,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Oxford Industries by 22.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock valued at $1,755,000 after buying an additional 5,577 shares during the period. Finally, Norges Bank bought a new stake in shares of Oxford Industries during the 2nd quarter valued at about $369,000. 91.16% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $44.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, September 4th. Wall Street Zen raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup cut their target price on shares of Oxford Industries from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Finally, Truist Financial decreased their price target on Oxford Industries from $40.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, September 4th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Oxford Industries currently has a consensus rating of “Reduce” and a consensus price target of $35.25.
Oxford Industries Company Profile
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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