Tygh Capital Management Inc. boosted its position in Oxford Industries, Inc. (NYSE:OXM) by 27.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,814 shares of the textile maker’s stock after buying an additional 11,966 shares during the period. Tygh Capital Management Inc. owned approximately 0.33% of Oxford Industries worth $3,425,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OXM. Alps Advisors Inc. boosted its position in Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after buying an additional 23 shares during the period. Louisiana State Employees Retirement System boosted its position in Oxford Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock worth $349,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in Oxford Industries by 1.3% in the first quarter. Arizona State Retirement System now owns 7,755 shares of the textile maker’s stock worth $444,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its position in Oxford Industries by 1.4% in the second quarter. Texas Permanent School Fund now owns 10,956 shares of the textile maker’s stock worth $685,000 after buying an additional 150 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares during the period. Institutional investors own 88.39% of the company’s stock.
Shares of Oxford Industries, Inc. (NYSE OXM) opened at 58.20 on Friday. The firm has a market capitalization of $978.34 million, a PE ratio of 19.60 and a beta of 0.40. The stock has a 50 day moving average price of $60.99 and a 200 day moving average price of $57.95. Oxford Industries, Inc. has a 52 week low of $49.50 and a 52 week high of $76.19.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $273.40 million. During the same period last year, the business posted $1.26 EPS. Oxford Industries’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Oxford Industries, Inc. will post $3.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. Oxford Industries’s payout ratio is presently 36.36%.
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A number of research firms have commented on OXM. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. B. Riley restated a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research note on Monday, June 5th. Telsey Advisory Group upped their price target on Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. BidaskClub cut Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, FBR & Co began coverage on Oxford Industries in a research note on Tuesday, July 11th. They set an “outperform” rating and a $75.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $71.33.
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, 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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