Aperio Group LLC cut its stake in Oxford Industries, Inc. (NYSE:OXM) by 23.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,193 shares of the textile maker’s stock after selling 1,610 shares during the quarter. Aperio Group LLC’s holdings in Oxford Industries were worth $330,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in OXM. Pinebridge Investments L.P. boosted its stake in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the period. State of Alaska Department of Revenue boosted its stake in Oxford Industries by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after buying an additional 1,316 shares during the period. Stifel Financial Corp bought a new stake in Oxford Industries during the second quarter valued at $202,000. Piedmont Investment Advisors LLC bought a new stake in Oxford Industries during the second quarter worth about $203,000. Finally, QS Investors LLC lifted its stake in Oxford Industries by 0.4% during the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock worth $227,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.
Oxford Industries, Inc. (OXM) traded down $0.28 during trading hours on Wednesday, hitting $66.18. The stock had a trading volume of 140,300 shares, compared to its average volume of 160,916. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 0.70. The stock has a market cap of $1,118.31, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.83 and a beta of 0.39. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $72.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. Oxford Industries’s dividend payout ratio (DPR) is 37.37%.
Several brokerages have issued reports on OXM. B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. Telsey Advisory Group boosted their target price on Oxford Industries from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Wednesday. DA Davidson set a $71.00 target price on Oxford Industries and gave the company a “hold” rating in a research note on Wednesday. Needham & Company LLC downgraded Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a report on Friday, December 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $69.80.
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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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