Oxford Industries (NYSE:OXM) Stock Price Up 4.3% Following Dividend Announcement

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) shares were up 4.3% on Friday after the company announced a dividend. The stock traded as high as $80.34 and last traded at $80.17. Approximately 101,146 shares were traded during trading, a decline of 64% from the average daily volume of 282,390 shares. The stock had previously closed at $76.87.

The newly announced dividend which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.68 annualized dividend and a dividend yield of 3.29%. Oxford Industries's dividend payout ratio (DPR) is presently 301.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OXM shares. Citigroup dropped their price target on Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a research note on Friday, September 13th. Telsey Advisory Group reiterated a "market perform" rating and set a $86.00 target price on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, UBS Group reduced their target price on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday.

Oxford Industries Stock Up 6.1 %

The stock has a market cap of $1.28 billion, a PE ratio of 91.62 and a beta of 1.56. The business's fifty day moving average is $77.89 and its 200 day moving average is $88.65.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.26%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. As a group, analysts predict that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares of the company's stock, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.70% of the company's stock.

Institutional Trading of Oxford Industries

Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Oxford Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker's stock worth $741,000 after purchasing an additional 100 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Oxford Industries by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker's stock worth $726,000 after purchasing an additional 141 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Oxford Industries by 4.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker's stock valued at $336,000 after purchasing an additional 150 shares in the last quarter. Creative Planning increased its position in shares of Oxford Industries by 6.0% during the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker's stock worth $337,000 after purchasing an additional 219 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Oxford Industries by 5.8% in the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker's stock worth $378,000 after purchasing an additional 240 shares in the last quarter. 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.