Schroder Investment Management Group increased its stake in shares of Oxford Industries Inc (NYSE:OXM) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 408,867 shares of the textile maker’s stock after purchasing an additional 21,089 shares during the period. Schroder Investment Management Group’s holdings in Oxford Industries were worth $30,743,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after acquiring an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 16,943 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Oxford Industries by 1,145.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock worth $9,059,000 after acquiring an additional 132,355 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after purchasing an additional 14,729 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Oxford Industries by 133.6% in the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock valued at $5,641,000 after purchasing an additional 50,770 shares in the last quarter. 89.68% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares in the company, valued at approximately $497,871. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by insiders.
Oxford Industries Inc (NYSE:OXM) opened at $80.49 on Friday. Oxford Industries Inc has a 52-week low of $49.50 and a 52-week high of $84.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. The stock has a market capitalization of $1,369.04, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.82 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $242.98 million. During the same period in the previous year, the business earned ($0.07) EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts anticipate that Oxford Industries Inc will post 3.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. Oxford Industries’s dividend payout ratio (DPR) is 35.41%.
OXM has been the topic of a number of recent analyst reports. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Thursday, December 21st. Telsey Advisory Group upped their target price on Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, November 30th. DA Davidson set a $71.00 target price on Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. SunTrust Banks upped their target price on Oxford Industries to $90.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, B. Riley initiated coverage on Oxford Industries in a research report on Friday, December 22nd. They issued a “buy” rating and a $84.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Oxford Industries presently has an average rating of “Buy” and an average target price of $77.80.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/23/schroder-investment-management-group-buys-21089-shares-of-oxford-industries-inc-oxm.html.
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.
Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries Inc (NYSE:OXM).
Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.