Milford W. Mcguirt Purchases 1,000 Shares of Oxford Industries, Inc. (NYSE:OXM) Stock

Oxford Industries, Inc. (NYSE:OXM) Director Milford W. Mcguirt purchased 1,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Oxford Industries Stock Up 3.7 %

OXM opened at $56.85 on Friday. The business’s 50-day moving average price is $67.15 and its 200-day moving average price is $75.82. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 12 month low of $52.92 and a 12 month high of $111.46. The company has a market cap of $892.60 million, a P/E ratio of 63.88 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same quarter in the prior year, the firm posted $1.90 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.85%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries’s dividend payout ratio is 47.02%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OXM. UBS Group cut their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th.

Institutional Trading of Oxford Industries

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in Oxford Industries by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock valued at $45,738,000 after purchasing an additional 27,198 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oxford Industries by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker’s stock valued at $1,917,000 after buying an additional 4,141 shares during the period. Vident Advisory LLC raised its holdings in shares of Oxford Industries by 9.0% during the fourth quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker’s stock valued at $650,000 after acquiring an additional 683 shares in the last quarter. ProShare Advisors LLC lifted its stake in Oxford Industries by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker’s stock worth $352,000 after acquiring an additional 1,376 shares during the period. Finally, Man Group plc bought a new stake in Oxford Industries in the fourth quarter valued at $3,119,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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; and 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.