Truist Financial Corp lessened its stake in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,141 shares of the textile maker’s stock after selling 7,176 shares during the quarter. Truist Financial Corp owned about 1.08% of Oxford Industries worth $17,965,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in Oxford Industries in the 4th quarter worth approximately $25,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Oxford Industries during the 4th quarter valued at approximately $35,000. Gladius Capital Management LP purchased a new position in shares of Oxford Industries during the 4th quarter valued at approximately $43,000. Ameritas Advisory Services LLC purchased a new position in shares of Oxford Industries during the 1st quarter valued at approximately $53,000. Finally, UBS Group AG boosted its stake in shares of Oxford Industries by 51.4% during the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock valued at $45,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.
Insiders Place Their Bets
In other news, Director Dennis M. Love sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $103.41, for a total transaction of $103,410.00. Following the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at $1,750,007.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Dennis M. Love sold 929 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $104.58, for a total transaction of $97,154.82. Following the completion of the transaction, the director now owns 15,994 shares of the company’s stock, valued at $1,672,652.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis M. Love sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.41, for a total value of $103,410.00. Following the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $1,750,007.43. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Oxford Industries Stock Performance
OXM stock opened at $107.37 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.69 billion, a P/E ratio of 10.37 and a beta of 1.51. Oxford Industries, Inc. has a 12-month low of $85.00 and a 12-month high of $123.37. The stock’s 50 day simple moving average is $102.20 and its 200 day simple moving average is $107.07.
Oxford Industries (NYSE:OXM – Get Free Report) last posted its quarterly earnings results on Wednesday, June 7th. The textile maker reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.04. The business had revenue of $420.10 million for the quarter, compared to analyst estimates of $419.10 million. Oxford Industries had a return on equity of 32.20% and a net margin of 11.28%. As a group, equities research analysts predict that Oxford Industries, Inc. will post 11.05 EPS for the current year.
Oxford Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, July 13th. Oxford Industries’s dividend payout ratio is presently 25.12%.
Oxford Industries Profile
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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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