Insider Selling: Oxford Industries, Inc. (NYSE:OXM) EVP Sells 1,495 Shares of Stock

Oxford Industries, Inc. (NYSE:OXM) EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at $2,727,007.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Oxford Industries Price Performance

Shares of OXM stock opened at $86.44 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 35.00 and a beta of 1.53. The stock’s 50 day simple moving average is $89.95 and its two-hundred day simple moving average is $99.72. Oxford Industries, Inc. has a 1 year low of $74.95 and a 1 year high of $113.88.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the prior year, the business earned $3.45 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Oxford Industries, Inc. will post 7.15 EPS for the current year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.67 per share. The ex-dividend date is Friday, October 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.10%. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OXM. UBS Group decreased their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Telsey Advisory Group decreased their price objective on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Finally, Citigroup cut their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.40.

Institutional Trading of Oxford Industries

Several institutional investors and hedge funds have recently made changes to their positions in OXM. Teacher Retirement System of Texas purchased a new position in Oxford Industries in the 4th quarter worth about $240,000. Janney Montgomery Scott LLC increased its position in shares of Oxford Industries by 17.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,682 shares of the textile maker’s stock worth $468,000 after acquiring an additional 696 shares during the period. Norges Bank bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $9,682,000. Quest Partners LLC purchased a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $36,000. Finally, US Bancorp DE increased its holdings in Oxford Industries by 77.0% during the 4th quarter. US Bancorp DE now owns 6,300 shares of the textile maker’s stock worth $630,000 after purchasing an additional 2,741 shares during the period. 91.16% of the stock is currently owned by 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.