Bank of America Corp DE raised its stake in Oxford Industries, Inc. (NYSE:OXM) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,993 shares of the textile maker’s stock after buying an additional 19,675 shares during the period. Bank of America Corp DE’s holdings in Oxford Industries were worth $8,760,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Oxford Industries during the first quarter valued at approximately $106,000. Envestnet Asset Management Inc. bought a new position in shares of Oxford Industries during the fourth quarter worth about $122,000. Mason Street Advisors LLC increased its position in shares of Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Oxford Industries during the first quarter worth about $228,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Oxford Industries during the first quarter worth about $263,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries, Inc. (NYSE OXM) opened at 62.69 on Monday. The firm has a 50-day moving average price of $60.91 and a 200 day moving average price of $56.93. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.11 and a beta of 0.40. Oxford Industries, Inc. has a 1-year low of $49.50 and a 1-year high of $76.19.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.08. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. The firm had revenue of $272.40 million during the quarter, compared to analysts’ expectations of $273.40 million. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that Oxford Industries, Inc. will post $3.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, July 12th. Oxford Industries’s payout ratio is 36.36%.
OXM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Needham & Company LLC initiated coverage on shares of Oxford Industries in a report on Tuesday, July 18th. They set a “buy” rating and a $68.00 target price on the stock. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Telsey Advisory Group boosted their target price on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Finally, FBR & Co initiated coverage on shares of Oxford Industries in a report on Tuesday, July 11th. They set an “outperform” rating and a $75.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Oxford Industries currently has an average rating of “Buy” and a consensus price target of $71.33.
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.
Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries, Inc. (NYSE:OXM).
Receive News & Ratings for Oxford Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.