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

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) Director Milford W. Mcguirt acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the transaction, the director now directly owns 7,180 shares in the company, valued at $421,466. This represents a 16.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oxford Industries Stock Performance

NYSE OXM traded down $7.03 during trading on Tuesday, reaching $46.03. The company's stock had a trading volume of 633,035 shares, compared to its average volume of 346,846. The firm has a 50 day moving average price of $64.90 and a 200 day moving average price of $74.95. Oxford Industries, Inc. has a 12 month low of $45.61 and a 12 month high of $111.46. The firm has a market capitalization of $684.21 million, a price-to-earnings ratio of 51.72 and a beta of 1.40. 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 (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. During the same period in the previous year, the company posted $1.90 earnings per share. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

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Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.69 per share. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 6.00%. Oxford Industries's dividend payout ratio is currently 47.02%.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in Oxford Industries by 74.0% in the third quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock valued at $4,208,000 after acquiring an additional 20,620 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Oxford Industries by 73.7% in the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker's stock valued at $3,194,000 after purchasing an additional 15,617 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Oxford Industries by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker's stock valued at $923,000 after purchasing an additional 2,167 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Oxford Industries in the 3rd quarter valued at $2,742,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries during the 4th quarter worth $16,489,000. 91.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OXM has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group decreased their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Telsey Advisory Group cut their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a research report on Monday, March 24th.

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.