Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
Thomas Caldecot Chubb (NYSE:CB) III, the CEO and President of Oxford Industries Inc . (NYSE:OXM), recently acquired 6,500 shares of the company’s common stock. The shares were purchased at an average price of $40.119 each, amounting to a total transaction value of $260,773. The purchase comes as the stock trades near its 52-week low of $39.28, down about 59% over the past year. According to InvestingPro analysis, the stock appears undervalued, trading at a P/E ratio of just 7.7 while offering a substantial 7% dividend yield. Following this acquisition, Chubb’s direct ownership stands at 59,063 shares.
In addition to his direct holdings, Chubb holds shares indirectly through various trusts and arrangements, including 9,650 shares by a 2024 GRAT, 25,000 shares by a 2025 GRAT, 18,000 shares by a trust for his spouse, and 46,644 shares by trusts for his children.
In other recent news, Oxford Industries reported its first-quarter fiscal 2025 earnings, revealing an earnings per share (EPS) of $1.82, which fell short of the expected $1.98. Despite this miss, the company exceeded revenue expectations with $393 million against a forecast of $383.54 million. Oxford Industries also adjusted its full-year earnings guidance significantly downward, from $4.60-5.00 to $2.80-3.20 per share, primarily due to higher assumed tariffs. The company faces challenges with tariffs, as about 40% of its sourcing is from China, leading to concerns about margin compression. Analyst firms UBS and Citi both lowered their price targets for Oxford Industries, with UBS citing ongoing topline challenges and Citi maintaining a Sell rating due to the company’s vulnerability to tariff increases. UBS reduced its price target to $48, while Citi lowered it to $44. These developments highlight the challenging macroeconomic environment Oxford Industries is navigating, including elevated capital expenditures and expenses, which may impact sales if they continue to slow.
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