Insider Selling: Oxford Industries CEO Sells 9,486 Shares of Stock (OXM)
Oxford Industries (NYSE:OXM) CEO Terry Pillow sold 9,486 shares of the stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $67.01, for a total value of $635,656.86. Following the completion of the transaction, the chief executive officer now directly owns 79,934 shares of the company’s stock, valued at approximately $5,356,377. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stephens initiated coverage on shares of Oxford Industries (NYSE:OXM) in a research note to investors on Tuesday, July 23rd. They set an “overweight” rating on the stock. Analysts at Roth Capital initiated coverage on shares of Oxford Industries (NYSE:OXM) in a research note to investors on Tuesday, July 9th. They set a “buy” rating and a $77.00 price target on the stock.
Shares of Oxford Industries (NYSE:OXM) traded up 0.85% on Tuesday, hitting $67.50. 48,019 shares of the company’s stock traded hands. Oxford Industries has a 52 week low of $42.19 and a 52 week high of $69.28. The stock has a 50-day moving average of $65.79 and a 200-day moving average of $62.3. The company has a market cap of $1.107 billion and a price-to-earnings ratio of 29.38.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.03. The company had revenue of $235.00 million for the quarter, compared to the consensus estimate of $243.50 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Oxford Industries will post $2.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, October 16th.
Oxford Industries, Inc is an apparel company, which designs, sources, markets and distributes products bearing the trademarks of its lifestyle brands, as well as certain licensed and private label apparel products.
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