Oxford Industries, Inc. (NYSE:OXM – Get Rating) Director Dennis M. Love sold 550 shares of Oxford Industries stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $94.01, for a total value of $51,705.50. Following the sale, the director now directly owns 17,992 shares of the company’s stock, valued at approximately $1,691,427.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Oxford Industries Trading Up 2.3 %
OXM traded up $2.19 during mid-day trading on Thursday, hitting $95.53. 119,070 shares of the stock were exchanged, compared to its average volume of 208,969. The firm’s fifty day moving average is $102.97 and its two-hundred day moving average is $97.67. Oxford Industries, Inc. has a 1-year low of $76.21 and a 1-year high of $119.50. The company has a market cap of $1.51 billion, a PE ratio of 9.66 and a beta of 1.48. The company has a current ratio of 1.30, a quick ratio of 0.55 and a debt-to-equity ratio of 0.24.
Oxford Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, January 12th. Oxford Industries’s dividend payout ratio (DPR) is currently 22.77%.
Hedge Funds Weigh In On Oxford Industries
Several institutional investors have recently modified their holdings of OXM. American Century Companies Inc. boosted its position in shares of Oxford Industries by 48.2% during the 1st quarter. American Century Companies Inc. now owns 78,798 shares of the textile maker’s stock worth $7,131,000 after acquiring an additional 25,644 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Oxford Industries by 52.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after acquiring an additional 1,475 shares in the last quarter. Bank of Montreal Can boosted its stake in Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock valued at $488,000 after acquiring an additional 286 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Oxford Industries during the first quarter worth about $392,000. Finally, MetLife Investment Management LLC increased its position in shares of Oxford Industries by 62.5% during the first quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock worth $782,000 after purchasing an additional 3,323 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.
Wall Street Analyst Weigh In
OXM has been the subject of a number of research reports. Citigroup lifted their target price on Oxford Industries from $105.00 to $110.00 in a report on Thursday, December 8th. Telsey Advisory Group boosted their price target on shares of Oxford Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, December 8th. KeyCorp increased their price objective on Oxford Industries from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, September 2nd. Piper Sandler upped their price target on Oxford Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, September 20th. Finally, CL King raised their price objective on Oxford Industries from $137.00 to $140.00 in a research report on Thursday, December 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Oxford Industries has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.
Oxford Industries Company Profile
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; women’s and girl’s dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children’s apparel and swimwear under the Lilly Pulitzer brand; and men’s shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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