Oxford Industries, Inc. (NYSE:OXM) Director Carol B. Yancey Purchases 500 Shares

Oxford Industries, Inc. (NYSE:OXM – Get Rating) Director Carol B. Yancey bought 500 shares of Oxford Industries in one transaction on Thursday, September 22. The shares were purchased at an average price of $91.66 per share for a total transaction of $45,830.00. Following the acquisition, the director now owns 1,530 shares of the company, valued at $140,239.80. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website.

Oxford Industries down 4.2%

NYSE OXM shares fell $3.86 on Friday midday to hit $87.84. The company had a trading volume of 365,140 shares compared to an average volume of 213,906. The stock has a market cap of $1.40 billion, a P/E of 9.19 and a beta of 1.45. The company has a 50-day moving average price of $99.20 and a 200-day moving average price of $92.51. Oxford Industries, Inc. has a 1-year low of $76.21 and a 1-year high of $119.50.

Oxford Industries (NYSE:OXM – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The clothing maker reported earnings per share (EPS) of $3.61 for the quarter, beating analysts’ consensus estimate of $3.48 by $0.13. Oxford Industries had a return on equity of 32.27% and a net margin of 13.09%. The company had revenue of $363.43 million for the quarter, compared to analysts’ expectations of $363.92 million. In the same quarter last year, the company generated earnings per share of $3.24. The company’s revenue for the quarter rose 10.6% year over year. On average, research analysts expect Oxford Industries, Inc. to post 10.5 EPS for the year to date.

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Oxford Industries announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14 will receive a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday October 13th. That equates to an annualized dividend of $2.20 and a yield of 2.50%. Oxford Industries’ payout ratio is 22.04%.

Wall Street analysts forecast growth

A number of research analysts recently issued reports on the company. KeyCorp raised its target price on Oxford Industries to $120.00 from $110.00 and rated the company as “overweight” in a research report on Friday, September 2nd. Citigroup upgraded Oxford Industries to a neutral rating from a “sell” rating and raised its price target on the stock from $92.00 to $105.00 in a research note on Wednesday. Piper Sandler raised her target price on Oxford Industries to $135.00 from $130.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com upgraded Oxford Industries from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock as hold and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.50.

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Hedge funds bet on Oxford Industries

Several institutional investors and hedge funds have recently added to or reduced their holdings in OXM. Byrne Asset Management LLC acquired a new position in Oxford Industries stock valued at approximately $30,000 during the fourth quarter. CM Bidwell & Associates Ltd. acquired a new stake in Oxford Industries stock valued at $34,000 in Q2. Point72 Hong Kong Ltd increased its position in Oxford Industries shares by 540.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker, valued at $57,000, after buying another 470 shares last quarter. Advisor Group Holdings Inc. increased its position in Oxford Industries shares by 52.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the clothing maker’s stock valued at $68,000 after buying another 231 shares last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Oxford Industries stock valued at $63,000 during the first quarter. 93.03% of the shares are currently held by institutional investors.

About Oxford Industries

(received rating)

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Oxford Industries, Inc, an apparel company, designs, sources, markets and distributes lifestyle and other branded products worldwide. The Company offers men’s and women’s athletic apparel and related products under the Tommy Bahama brand; women’s and girls’ dresses and sportswear, scarves, bags, jewelry and belts and shoes and children’s clothing and swimwear under the Lilly Pulitzer brand; and men’s shirts, pants, shorts, outerwear, ties, swimwear, shoes and accessories, and women’s and youth products under the Southern Tide brand.

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