Oxford Industries, Inc. (NYSE:OXM) SVP Tracey Hernandez Sells 250 Shares

Oxford Industries, Inc. (NYSE:OXM) SVP Tracey Hernandez sold 250 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $78.73, for a total value of $19,682.50. Following the transaction, the senior vice president now directly owns 2,931 shares in the company, valued at $230,757.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oxford Industries Stock Up 1.8 %

NYSE OXM opened at $80.45 on Friday. Oxford Industries, Inc. has a 52 week low of $73.44 and a 52 week high of $113.88. The company has a market capitalization of $1.26 billion, a P/E ratio of 44.20 and a beta of 1.53. The stock’s 50-day moving average price is $83.79 and its 200-day moving average price is $96.56.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. Research analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio is currently 147.25%.

Institutional Investors Weigh In On Oxford Industries

A number of institutional investors have recently bought and sold shares of OXM. Virtu Financial LLC bought a new position in shares of Oxford Industries in the fourth quarter worth about $206,000. Goldman Sachs Group Inc. lifted its holdings in Oxford Industries by 34.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 169,619 shares of the textile maker’s stock worth $16,962,000 after purchasing an additional 43,855 shares in the last quarter. Wellington Management Group LLP boosted its stake in Oxford Industries by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock worth $40,334,000 after purchasing an additional 29,493 shares during the period. Quadrature Capital Ltd grew its holdings in Oxford Industries by 109.6% during the 4th quarter. Quadrature Capital Ltd now owns 10,535 shares of the textile maker’s stock valued at $1,054,000 after buying an additional 5,509 shares in the last quarter. Finally, BTC Capital Management Inc. purchased a new position in shares of Oxford Industries in the first quarter worth $351,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on OXM. Telsey Advisory Group reduced their price objective on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. UBS Group reduced their price target on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Citigroup dropped their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $90.40.

About Oxford Industries

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.