Oxford Industries (NYSE:OXM) Shares Up 4.3% After Dividend Announcement

Oxford Industries, Inc. (NYSE:OXM) shares traded up 4.3% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $80.34 and last traded at $80.17. 101,146 shares were traded during mid-day trading, a decline of 64% from the average session 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. Stockholders 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 is currently 301.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group dropped their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Citigroup decreased their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th.

Oxford Industries Stock Up 6.0 %

The company’s fifty day simple moving average is $77.89 and its 200 day simple moving average is $88.65. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 91.56 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last released 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). Oxford Industries had a return on equity of 19.26% and a net margin of 0.98%. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. During the same period in the previous year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, analysts anticipate that Oxford Industries, Inc. will post 7.16 earnings per share for the current year.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction dated Tuesday, September 24th. The shares were 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 in the company, valued at $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Oxford Industries

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of Oxford Industries by 238.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,121 shares of the textile maker’s stock valued at $413,000 after acquiring an additional 2,905 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Oxford Industries by 4,633.0% during the second quarter. Blue Trust Inc. now owns 4,591 shares of the textile maker’s stock valued at $460,000 after purchasing an additional 4,494 shares in the last quarter. Leeward Investments LLC MA grew its holdings in shares of Oxford Industries by 5.6% during the second quarter. Leeward Investments LLC MA now owns 61,706 shares of the textile maker’s stock worth $6,180,000 after purchasing an additional 3,277 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Oxford Industries during the second quarter worth about $28,000. Finally, Precedent Wealth Partners LLC increased its stake in shares of Oxford Industries by 33.0% in the second quarter. Precedent Wealth Partners LLC now owns 4,445 shares of the textile maker’s stock valued at $445,000 after buying an additional 1,103 shares during the period. 91.16% of the stock is currently owned by institutional investors.

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.