State Board of Administration of Florida Retirement System raised its stake in Oxford Industries Inc. (NYSE:OXM) by 13.5% during the second quarter, Holdings Channel reports. The fund owned 8,695 shares of the company’s stock after buying an additional 1,036 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of Oxford Industries worth $492,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in Oxford Industries by 4.0% in the second quarter. Capstone Asset Management Co. now owns 4,651 shares of the company’s stock valued at $263,000 after buying an additional 180 shares during the last quarter. Aperio Group LLC increased its position in Oxford Industries by 8.3% in the first quarter. Aperio Group LLC now owns 4,594 shares of the company’s stock valued at $309,000 after buying an additional 353 shares during the last quarter. Swiss National Bank increased its position in Oxford Industries by 2.1% in the second quarter. Swiss National Bank now owns 24,400 shares of the company’s stock valued at $1,382,000 after buying an additional 500 shares during the last quarter. California State Teachers Retirement System increased its position in Oxford Industries by 2.2% in the second quarter. California State Teachers Retirement System now owns 31,862 shares of the company’s stock valued at $1,804,000 after buying an additional 688 shares during the last quarter. Finally, Hancock Holding Co. increased its position in Oxford Industries by 0.9% in the first quarter. Hancock Holding Co. now owns 125,436 shares of the company’s stock valued at $8,433,000 after buying an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Shares of Oxford Industries Inc. (NYSE:OXM) traded down 0.27% on Friday, hitting $65.91. 49,850 shares of the stock traded hands. Oxford Industries Inc. has a 52-week low of $52.54 and a 52-week high of $77.99. The firm has a 50 day moving average price of $67.33 and a 200 day moving average price of $62.85. The firm has a market cap of $1.11 billion, a PE ratio of 18.39 and a beta of 0.59.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The business had revenue of $283 million for the quarter. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. On average, equities analysts forecast that Oxford Industries Inc. will post $3.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.63%. Oxford Industries’s payout ratio is presently 30.25%.
Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $75.00 price objective on shares of Oxford Industries in a report on Sunday, September 4th. Zacks Investment Research lowered shares of Oxford Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 10th. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Oxford Industries in a research note on Thursday, September 22nd. Telsey Advisory Group upped their target price on shares of Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Finally, Credit Agricole SA assumed coverage on shares of Oxford Industries in a research note on Wednesday, September 28th. They issued an “outperform” rating and a $78.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $83.67.
In related news, insider James Wesley Howard, Jr. sold 2,500 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $69.81, for a total transaction of $174,525.00. Following the sale, the insider now owns 10,680 shares in the company, valued at approximately $745,570.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.18% of the company’s stock.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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