Rhumbline Advisers Raises Stock Holdings in Oxford Industries Inc (NYSE:OXM)

Rhumbline Advisers increased its position in Oxford Industries Inc (NYSE:OXM) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,169 shares of the textile maker’s stock after purchasing an additional 1,855 shares during the period. Rhumbline Advisers’ holdings in Oxford Industries were worth $3,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OXM. FMR LLC grew its stake in Oxford Industries by 5.4% in the first quarter. FMR LLC now owns 279,372 shares of the textile maker’s stock worth $21,025,000 after purchasing an additional 14,361 shares during the period. Arizona State Retirement System grew its stake in Oxford Industries by 1.0% in the second quarter. Arizona State Retirement System now owns 26,403 shares of the textile maker’s stock worth $2,001,000 after purchasing an additional 249 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Oxford Industries in the second quarter worth $460,000. Tuttle Tactical Management purchased a new stake in Oxford Industries in the second quarter worth $1,575,000. Finally, Aviva PLC purchased a new stake in Oxford Industries in the second quarter worth $907,000. 98.01% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on OXM. Citigroup set a $86.00 price target on Oxford Industries and gave the stock a “buy” rating in a research note on Thursday, September 12th. DA Davidson reissued a “neutral” rating on shares of Oxford Industries in a report on Monday, November 4th. Telsey Advisory Group dropped their target price on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. B. Riley dropped their target price on Oxford Industries from $97.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Zacks Investment Research downgraded Oxford Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $81.43.

Oxford Industries stock opened at $74.20 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.68 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $70.22 and its two-hundred day simple moving average is $72.26. Oxford Industries Inc has a 12 month low of $63.50 and a 12 month high of $92.45. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.18 and a beta of 0.47.

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Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.05% and a net margin of 6.27%. The company had revenue of $302.00 million during the quarter, compared to the consensus estimate of $306.98 million. During the same period last year, the firm posted $1.83 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Oxford Industries Inc will post 4.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 17th. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

In other Oxford Industries news, EVP Scott Grassmyer sold 2,838 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $73.07, for a total value of $207,372.66. Following the sale, the executive vice president now directly owns 33,311 shares of the company’s stock, valued at $2,434,034.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; 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; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

Further Reading: Cost of Equity For A Business, Investors

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

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