Nationwide Fund Advisors reduced its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 13.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,030 shares of the textile maker’s stock after selling 7,310 shares during the quarter. Nationwide Fund Advisors owned 0.28% of Oxford Industries worth $2,988,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 14,729 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Oxford Industries by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock valued at $48,340,000 after purchasing an additional 51,801 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Oxford Industries by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after purchasing an additional 31,195 shares in the last quarter. State Street Corp increased its stake in Oxford Industries by 2.9% during the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after purchasing an additional 10,184 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Oxford Industries by 47.4% in the second quarter. Schroder Investment Management Group now owns 339,936 shares of the textile maker’s stock worth $21,263,000 after acquiring an additional 109,353 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.
In other news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.29% of the stock is currently owned by insiders.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating the 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 the consensus estimate of $242.98 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts expect that Oxford Industries, Inc. will post 3.67 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio is currently 34.07%.
A number of brokerages have recently commented on OXM. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday, September 15th. Telsey Advisory Group lifted their price target on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 6th. Needham & Company LLC set a $62.00 price target on shares of Oxford Industries and gave the stock a “buy” rating in a research note on Monday, October 16th. SunTrust Banks lifted their price target on shares of Oxford Industries to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson set a $71.00 target price on shares of Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $77.80.
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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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