Strs Ohio reduced its stake in shares of Oxford Industries Inc (NYSE:OXM) by 7.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,200 shares of the textile maker’s stock after selling 1,100 shares during the period. Strs Ohio’s holdings in Oxford Industries were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of OXM. California Public Employees Retirement System raised its stake in Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock valued at $3,643,000 after purchasing an additional 1,900 shares during the period. Bessemer Group Inc. raised its stake 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 valued at $1,393,000 after purchasing an additional 21,900 shares during the period. Goldman Sachs Group Inc. raised its stake 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 valued at $2,796,000 after purchasing an additional 16,943 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $9,059,000 after purchasing an additional 132,355 shares during the period. Finally, Vanguard Group Inc. raised its stake in Oxford Industries by 1.1% during 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 during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on OXM shares. 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 note on Friday, December 8th. SunTrust Banks reissued a “buy” rating on shares of Oxford Industries in a research note on Thursday, December 7th. B. Riley reissued a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, KeyCorp reissued a “buy” rating and set a $78.00 target price on shares of Oxford Industries in a research note on Friday, November 24th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $77.80.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $242.98 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s revenue was up 6.2% compared to the same quarter last year. sell-side analysts expect that Oxford Industries Inc will post 3.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, January 18th. Oxford Industries’s payout ratio is 35.41%.
In other news, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at approximately $1,225,674.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries 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 transaction, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The disclosure for this sale can be found here. Insiders own 3.29% of the company’s stock.
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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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