Vident Investment Advisory LLC bought a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,422 shares of the textile maker’s stock, valued at approximately $1,869,000. Vident Investment Advisory LLC owned 0.17% of Oxford Industries as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in OXM. California Public Employees Retirement System lifted its stake in shares of Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock valued at $3,643,000 after buying an additional 1,900 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock valued at $1,393,000 after buying an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock valued at $2,796,000 after buying an additional 16,943 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after buying an additional 14,729 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Oxford Industries by 133.6% during the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock valued at $5,641,000 after buying an additional 50,770 shares in the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the sale, the director now directly owns 17,002 shares in the company, valued at approximately $1,225,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.29% of the company’s stock.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $242.98 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts forecast that Oxford Industries, Inc. will post 3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio is presently 35.41%.
A number of brokerages recently commented on OXM. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Friday, December 8th. SunTrust Banks restated a “buy” rating on shares of Oxford Industries in a research note on Thursday, December 7th. Telsey Advisory Group upped their price target on shares of Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, November 30th. Needham & Company LLC cut shares of Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research note on Friday, December 1st. They noted that the move was a valuation call. Finally, DA Davidson set a $71.00 price target on shares of Oxford Industries and gave the company a “hold” rating in a research note on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $71.20.
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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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