Ameriprise Financial Inc. cut its position in shares of Oxford Industries Inc. (NYSE:OXM) by 52.0% during the second quarter, Holdings Channel reports. The institutional investor owned 100,881 shares of the company’s stock after selling 109,397 shares during the period. Ameriprise Financial Inc. owned 0.60% of Oxford Industries worth $5,713,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in OXM. Deprince Race & Zollo Inc. acquired a new position in Oxford Industries during the second quarter worth about $29,731,000. Emerald Acquisition Ltd. purchased a new stake in shares of Oxford Industries during the second quarter valued at $16,283,000. Neumeier Poma Investment Counsel LLC boosted its stake in shares of Oxford Industries by 57.4% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 208,860 shares of the company’s stock valued at $14,042,000 after buying an additional 76,200 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Oxford Industries by 13.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 402,989 shares of the company’s stock valued at $27,093,000 after buying an additional 46,438 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Oxford Industries by 188.8% in the first quarter. Goldman Sachs Group Inc. now owns 43,262 shares of the company’s stock valued at $2,909,000 after buying an additional 28,282 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.
Shares of Oxford Industries Inc. (NYSE:OXM) traded down 2.06% during trading on Thursday, hitting $65.76. The company had a trading volume of 58,239 shares. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.35 and a beta of 0.59. The stock has a 50-day moving average of $67.74 and a 200 day moving average of $62.68. Oxford Industries Inc. has a 12-month low of $52.54 and a 12-month high of $77.99.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating the 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 business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $1.32 earnings per share. On average, analysts predict that Oxford Industries Inc. will post $3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is presently 30.25%.
OXM has been the subject of several recent research reports. Zacks Investment Research cut Oxford Industries from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. B. Riley reissued a “buy” rating and set a $71.00 price objective on shares of Oxford Industries in a report on Tuesday, August 30th. Telsey Advisory Group boosted their price objective on Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Oxford Industries in a report on Thursday, September 22nd. Finally, Credit Agricole SA initiated 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 analysts have rated the stock with a buy rating, The company presently 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 firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $69.81, for a total value of $174,525.00. Following the sale, the insider now directly owns 10,680 shares of the company’s stock, valued at $745,570.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.18% of the stock is owned by corporate insiders.
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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