Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Douglas B. Wood sold 33,587 shares of the company's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the completion of the transaction, the chief executive officer now owns 12,394 shares of the company's stock, valued at $1,300,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Oxford Industries Trading Up 0.8 %
NYSE OXM opened at $105.62 on Friday. Oxford Industries, Inc. has a 12 month low of $82.33 and a 12 month high of $113.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.63. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.62 and a beta of 1.60. The company's fifty day moving average price is $102.64 and its two-hundred day moving average price is $97.13.
Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The company had revenue of $404.43 million for the quarter, compared to the consensus estimate of $408.28 million. During the same quarter last year, the company earned $2.28 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. As a group, research analysts predict that Oxford Industries, Inc. will post 9.47 earnings per share for the current fiscal year.
Oxford Industries Increases Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Oxford Industries's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, April 18th. Oxford Industries's dividend payout ratio is 70.46%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Citigroup downgraded shares of Oxford Industries from a "neutral" rating to a "sell" rating and decreased their target price for the company from $98.00 to $94.00 in a research note on Monday, April 1st. Telsey Advisory Group upped their target price on shares of Oxford Industries from $102.00 to $110.00 and gave the company a "market perform" rating in a research note on Monday, April 1st. Finally, UBS Group decreased their target price on shares of Oxford Industries from $106.00 to $104.00 and set a "neutral" rating for the company in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $103.60.
Get Our Latest Analysis on Oxford Industries
Hedge Funds Weigh In On Oxford Industries
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Oxford Industries by 5.4% during the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker's stock worth $184,773,000 after buying an additional 104,007 shares during the period. Invesco Ltd. lifted its position in Oxford Industries by 8.0% in the first quarter. Invesco Ltd. now owns 862,286 shares of the textile maker's stock worth $78,036,000 after purchasing an additional 64,175 shares during the period. Dimensional Fund Advisors LP lifted its position in Oxford Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker's stock worth $73,507,000 after purchasing an additional 5,767 shares during the period. State Street Corp lifted its position in Oxford Industries by 2.4% in the first quarter. State Street Corp now owns 534,551 shares of the textile maker's stock worth $48,377,000 after purchasing an additional 12,582 shares during the period. Finally, Wellington Management Group LLP lifted its position in Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker's stock worth $40,334,000 after purchasing an additional 29,493 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.
About Oxford Industries
(
Get Free Report)
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 children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.
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