BlackRock Advisors LLC cut its stake in shares of Oxford Industries Inc. (NYSE:OXM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,927 shares of the company’s stock after selling 1,871 shares during the period. BlackRock Advisors LLC owned about 0.79% of Oxford Industries worth $7,470,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of OXM. PineBridge Investments L.P. increased its position in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock valued at $106,000 after buying an additional 88 shares during the period. Capstone Asset Management Co. increased its position in shares of 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 period. Teacher Retirement System of Texas increased its position in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock valued at $118,000 after buying an additional 253 shares during the period. Aperio Group LLC increased its position in shares of 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 period. Finally, Principal Financial Group Inc. increased its position in shares of Oxford Industries by 0.5% in the second quarter. Principal Financial Group Inc. now owns 104,141 shares of the company’s stock valued at $5,896,000 after buying an additional 482 shares during the period. Institutional investors own 87.32% of the company’s stock.
Shares of Oxford Industries Inc. (NYSE:OXM) opened at 67.14 on Thursday. Oxford Industries Inc. has a 12 month low of $52.54 and a 12 month high of $77.99. The stock has a market capitalization of $1.13 billion, a PE ratio of 18.73 and a beta of 0.59. The company’s 50-day moving average is $67.74 and its 200-day moving average is $62.68.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The firm had revenue of $283 million for the quarter. During the same period in the previous year, the firm earned $1.32 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts expect that Oxford Industries Inc. will post $3.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. Oxford Industries’s payout ratio is currently 30.25%.
Several research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $71.00 price target on shares of Oxford Industries in a report on Tuesday, August 30th. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Saturday, September 17th. DA Davidson reiterated a “buy” rating and issued a $81.00 price target on shares of Oxford Industries in a report on Thursday, September 22nd. Telsey Advisory Group boosted their price target on Oxford Industries from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Finally, Credit Agricole SA assumed coverage on Oxford Industries in a report on Wednesday, September 28th. They set an “outperform” rating and a $78.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating, Oxford Industries presently has an average rating of “Buy” and a consensus price target of $83.67.
In related news, insider James Wesley Howard, Jr. sold 2,500 shares of Oxford Industries stock in a transaction that occurred 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 of the company’s stock, valued at approximately $745,570.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.18% 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 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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