Geode Capital Management LLC Buys 13,324 Shares of Oxford Industries (OXM)

Geode Capital Management LLC lifted its stake in Oxford Industries (NYSE:OXM) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,979 shares of the textile maker’s stock after purchasing an additional 13,324 shares during the quarter. Geode Capital Management LLC owned about 0.83% of Oxford Industries worth $10,524,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Oxford Industries by 0.8% in the fourth quarter. BlackRock Inc. now owns 2,130,191 shares of the textile maker’s stock valued at $160,168,000 after purchasing an additional 17,725 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oxford Industries by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after purchasing an additional 13,830 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oxford Industries by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 614,293 shares of the textile maker’s stock valued at $46,189,000 after purchasing an additional 4,963 shares during the last quarter. Schroder Investment Management Group grew its position in Oxford Industries by 5.4% in the fourth quarter. Schroder Investment Management Group now owns 408,867 shares of the textile maker’s stock worth $30,743,000 after acquiring an additional 21,089 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Oxford Industries by 2.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 252,203 shares of the textile maker’s stock worth $18,963,000 after acquiring an additional 6,686 shares during the period. 87.88% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total transaction of $381,187.50. Following the completion of the transaction, the insider now directly owns 6,204 shares in the company, valued at $497,871. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.29% of the company’s stock.

Several brokerages recently weighed in on OXM. Telsey Advisory Group reiterated a “market perform” rating and issued a $88.00 price objective (down from $91.00) on shares of Oxford Industries in a research report on Thursday, March 29th. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. SunTrust Banks increased their price objective on Oxford Industries to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. DA Davidson set a $91.00 price objective on Oxford Industries and gave the stock a “buy” rating in a research report on Monday, April 2nd. Finally, B. Riley began coverage on Oxford Industries in a research report on Friday, December 22nd. They issued a “buy” rating and a $84.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $82.50.

Shares of Oxford Industries stock opened at $75.45 on Monday. The company has a market capitalization of $1,270.05, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.65 and a beta of 0.35. Oxford Industries has a fifty-two week low of $52.54 and a fifty-two week high of $84.32. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.11.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, March 28th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. Oxford Industries had a return on equity of 15.02% and a net margin of 5.99%. The business had revenue of $293.00 million during the quarter, compared to analyst estimates of $293.19 million. During the same period last year, the business posted $0.90 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. equities research analysts predict that Oxford Industries will post 4.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be given a dividend of $0.34 per share. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.27. This represents a $1.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, April 19th. Oxford Industries’s dividend payout ratio (DPR) is currently 29.51%.

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About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned brands, and licensed and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand.

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Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

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