Rhumbline Advisers increased its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,838 shares of the textile maker’s stock after buying an additional 2,015 shares during the quarter. Rhumbline Advisers owned about 0.21% of Oxford Industries worth $2,214,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. California Public Employees Retirement System lifted its holdings in shares of Oxford Industries by 3.4% in the second quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock valued at $3,643,000 after buying an additional 1,900 shares during the period. Bessemer Group Inc. increased its holdings in shares of Oxford Industries by 109,500.0% during the third quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after buying an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Oxford Industries by 60.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after buying an additional 16,943 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after buying an additional 14,729 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after buying an additional 31,195 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.
Shares of Oxford Industries, Inc. (NYSE:OXM) traded down $0.39 on Tuesday, reaching $70.59. 120,100 shares of the company’s stock were exchanged, compared to its average volume of 163,247. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,194.82, a PE ratio of 21.13, a P/E/G ratio of 1.93 and a beta of 0.39. Oxford Industries, Inc. has a twelve month low of $49.50 and a twelve month high of $73.62.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. research analysts forecast that Oxford Industries, Inc. will post 3.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.53%. Oxford Industries’s dividend payout ratio (DPR) is currently 35.41%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, September 15th. Telsey Advisory Group increased their price objective on Oxford Industries from $65.00 to $68.00 and gave the company a “market perform” rating in a report on Wednesday, December 6th. FBR & Co restated a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a report on Tuesday, September 12th. Needham & Company LLC set a $62.00 price objective on Oxford Industries and gave the company a “buy” rating in a report on Monday, October 16th. Finally, DA Davidson set a $71.00 price objective on Oxford Industries and gave the company a “hold” rating in a report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.20.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the sale, the director now owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.29% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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