Dennis M. Love Sells 1,500 Shares of Oxford Industries, Inc. (OXM) Stock

Oxford Industries, Inc. (NYSE:OXM) Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the transaction, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Oxford Industries, Inc. (OXM) opened at $69.96 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. Oxford Industries, Inc. has a fifty-two week low of $49.50 and a fifty-two week high of $73.62. The stock has a market cap of $1,188.26, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.92 and a beta of 0.39.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts predict that Oxford Industries, Inc. will post 3.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio (DPR) is 35.41%.

Hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. boosted its holdings in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 30 shares during the period. Macquarie Group Ltd. bought a new stake in Oxford Industries during the third quarter valued at about $205,000. Stifel Financial Corp bought a new stake in Oxford Industries during the second quarter valued at about $202,000. Piedmont Investment Advisors LLC bought a new stake in Oxford Industries during the second quarter valued at about $203,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Oxford Industries during the third quarter valued at about $222,000. Institutional investors own 89.14% of the company’s stock.

Several equities analysts have commented on OXM shares. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, September 15th. Telsey Advisory Group increased their target price on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 6th. FBR & Co reissued a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a research report on Tuesday, September 12th. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, DA Davidson set a $71.00 target price on shares of Oxford Industries and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $71.20.

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About Oxford Industries

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

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