Scott Grassmyer Sells 4,665 Shares of Oxford Industries (OXM) Stock

Oxford Industries (NYSE:OXM) CFO Scott Grassmyer sold 4,665 shares of the firm’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $77.65, for a total transaction of $362,237.25. Following the transaction, the chief financial officer now directly owns 36,440 shares in the company, valued at $2,829,566. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:OXM opened at $76.94 on Friday. The stock has a market capitalization of $1,314.67, a PE ratio of 21.02, a PEG ratio of 1.71 and a beta of 0.35. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Oxford Industries has a fifty-two week low of $52.62 and a fifty-two week high of $84.32.

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Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, March 28th. The textile maker reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.01. The business had revenue of $293.00 million for the quarter, compared to the consensus estimate of $293.19 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.02%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. equities analysts predict that Oxford Industries will post 4.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be issued a $0.34 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. Oxford Industries’s payout ratio is presently 29.51%.

Several large investors have recently modified their holdings of OXM. JPMorgan Chase & Co. boosted its holdings in shares of Oxford Industries by 1,145.4% in the third quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock valued at $9,059,000 after acquiring an additional 132,355 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Oxford Industries by 444.4% in the fourth quarter. Acadian Asset Management LLC now owns 62,035 shares of the textile maker’s stock valued at $4,664,000 after acquiring an additional 50,639 shares in the last quarter. AXA boosted its holdings in shares of Oxford Industries by 330.4% in the fourth quarter. AXA now owns 63,700 shares of the textile maker’s stock valued at $4,790,000 after acquiring an additional 48,900 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Oxford Industries in the fourth quarter valued at about $3,512,000. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Oxford Industries by 14.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 188,911 shares of the textile maker’s stock valued at $14,204,000 after purchasing an additional 24,189 shares during the period. 87.89% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on OXM shares. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Thursday, December 21st. Citigroup reissued a “buy” rating and set a $90.00 price objective on shares of Oxford Industries in a research report on Wednesday. ValuEngine raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. SunTrust Banks raised their price objective on shares of Oxford Industries to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Finally, DA Davidson raised shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $83.33.

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Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned brands, and licensed and private labels apparel products 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 footwear and children's apparel under the Lilly Pulitzer brand.

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