Oxford Industries Inc. (NYSE:OXM) insider James Wesley Howard, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.81, for a total value of $174,525.00. Following the sale, the insider now directly owns 10,680 shares of the company’s stock, valued at $745,570.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Oxford Industries Inc. (NYSE:OXM) opened at 67.13 on Thursday. Oxford Industries Inc. has a 12 month low of $52.54 and a 12 month high of $77.99. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.73 and a beta of 0.61. The firm’s 50-day moving average price is $66.01 and its 200-day moving average price is $63.13.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The firm earned $283 million during the quarter. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. Oxford Industries’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 EPS. Equities research analysts expect that Oxford Industries Inc. will post $3.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. Oxford Industries’s payout ratio is 30.25%.
Several large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new stake in Oxford Industries during the second quarter worth about $163,000. Royal Bank of Canada increased its stake in Oxford Industries by 58.8% in the second quarter. Royal Bank of Canada now owns 214,390 shares of the company’s stock worth $12,139,000 after buying an additional 79,399 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Oxford Industries by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 65,734 shares of the company’s stock worth $3,722,000 after buying an additional 2,267 shares during the last quarter. American Century Companies Inc. increased its stake in Oxford Industries by 25.9% in the second quarter. American Century Companies Inc. now owns 13,071 shares of the company’s stock worth $740,000 after buying an additional 2,693 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Oxford Industries by 2.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 11,176 shares of the company’s stock worth $633,000 after buying an additional 307 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.
OXM has been the subject of a number of research analyst reports. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Stephens reissued a “buy” rating on shares of Oxford Industries in a research note on Monday, June 6th. Telsey Advisory Group decreased their price target on Oxford Industries from $80.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, June 8th. Wunderlich raised their price target on Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Oxford Industries in a research note on Thursday, September 22nd. Nine research analysts have rated the stock with a buy rating, Oxford Industries has an average rating of “Buy” and an average target price of $83.67.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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