Public Sector Pension investment Board lowered its stake in Oxford Industries, Inc. (NYSE:OXM) by 26.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,769 shares of the textile maker’s stock after selling 2,800 shares during the quarter. Public Sector Pension investment Board’s holdings in Oxford Industries were worth $485,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after purchasing an additional 1,955,893 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Oxford Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,315,860 shares of the textile maker’s stock worth $75,346,000 after purchasing an additional 58,319 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Oxford Industries by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 721,767 shares of the textile maker’s stock worth $41,329,000 after purchasing an additional 37,846 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Oxford Industries by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after purchasing an additional 31,195 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Oxford Industries in the first quarter worth approximately $29,465,000. Institutional investors own 86.55% of the company’s stock.
Shares of Oxford Industries, Inc. (NYSE OXM) opened at 63.78 on Wednesday. The company has a 50-day moving average of $61.43 and a 200 day moving average of $59.57. The stock has a market cap of $1.07 billion, a PE 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.
Oxford Industries (NYSE:OXM) last released 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 business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. On average, analysts predict that Oxford Industries, Inc. will post $3.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is currently 37.37%.
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Several brokerages recently issued reports on OXM. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Thursday, September 7th. DA Davidson cut shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a report on Friday, September 8th. TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Needham & Company LLC began coverage on shares of Oxford Industries in a report on Tuesday, July 18th. They issued a “buy” rating and a $68.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Oxford Industries has a consensus rating of “Buy” and a consensus target price of $66.88.
Oxford Industries 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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