Nationwide Fund Advisors lowered its holdings in Oxford Industries, Inc. (NYSE:OXM) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,340 shares of the textile maker’s stock after selling 13,402 shares during the period. Nationwide Fund Advisors owned approximately 0.32% of Oxford Industries worth $3,396,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of Oxford Industries by 48.7% during the 1st quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock worth $2,035,000 after acquiring an additional 11,637 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Oxford Industries by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,705 shares of the textile maker’s stock worth $1,185,000 after acquiring an additional 1,586 shares during the period. First Trust Advisors LP lifted its holdings in shares of Oxford Industries by 42.6% during the 1st quarter. First Trust Advisors LP now owns 36,319 shares of the textile maker’s stock worth $2,080,000 after acquiring an additional 10,841 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Oxford Industries during the 1st quarter worth approximately $263,000. Finally, Karp Capital Management Corp bought a new stake in shares of Oxford Industries during the 1st quarter worth approximately $309,000. 86.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Oxford Industries, Inc. (NYSE OXM) opened at 63.78 on Wednesday. The company has a market cap of $1.07 billion, a P/E ratio of 22.05 and a beta of 0.37. Oxford Industries, Inc. has a one year low of $49.50 and a one year high of $76.19. The stock’s 50 day moving average is $61.43 and its 200-day moving average is $59.57.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. Oxford Industries’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share. Equities research analysts forecast that Oxford Industries, Inc. will post $3.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.69%. Oxford Industries’s dividend payout ratio is currently 37.37%.
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A number of analysts have recently weighed in on OXM shares. FBR & Co set a $75.00 price target on shares of Oxford Industries and gave the stock a “buy” rating in a report on Monday, August 28th. Needham & Company LLC started coverage on shares of Oxford Industries in a report on Tuesday, July 18th. They set a “buy” rating and a $68.00 price target for the company. DA Davidson downgraded shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Oxford Industries currently has a consensus rating of “Buy” and an average price target of $66.88.
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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