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

Oxford Industries, Inc. (NYSE:OXM)’s share price was up 4.3% on Friday following a dividend announcement from the company. The company traded as high as $80.34 and last traded at $80.17. Approximately 101,146 shares traded hands 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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, January 17th. Oxford Industries’s dividend payout ratio is currently 301.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OXM shares. Citigroup decreased their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. Finally, UBS Group lowered their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday.

Oxford Industries Trading Up 6.0 %

The firm has a 50-day moving average of $77.89 and a 200 day moving average of $88.65. The company has a market cap of $1.28 billion, a P/E ratio of 91.56 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.26%. The company had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts predict that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Insider Buying and Selling at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now owns 31,428 shares in the company, valued at $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 available at this link. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. 1620 Investment Advisors Inc. bought a new position in Oxford Industries during the 2nd quarter valued at $28,000. Quarry LP raised its holdings in shares of Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the last quarter. M&T Bank Corp bought a new position in shares of Oxford Industries during the third quarter valued at about $206,000. Finally, Verity Asset Management Inc. purchased a new position in Oxford Industries during the third quarter worth about $233,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.