Ameriprise Financial Inc. decreased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 44.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,841 shares of the textile maker’s stock after selling 64,277 shares during the quarter. Ameriprise Financial Inc. owned about 0.47% of Oxford Industries worth $4,989,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Oxford Industries by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after buying an additional 1,316 shares during the period. Mason Street Advisors LLC raised its holdings in Oxford Industries by 7.0% during the 1st 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 period. Turner Investments LLC acquired a new stake in Oxford Industries during the 2nd quarter worth approximately $250,000. Marshall Wace North America L.P. acquired a new stake in Oxford Industries during the 2nd quarter worth approximately $259,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Oxford Industries during the 1st quarter worth approximately $263,000. 86.55% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented 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 downgraded 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. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a report on Monday, October 16th. BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, FBR & Co restated a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.88.
Shares of Oxford Industries, Inc. (OXM) opened at 64.96 on Monday. Oxford Industries, Inc. has a one year low of $49.50 and a one year high of $76.19. The firm’s 50-day moving average is $62.63 and its 200 day moving average is $59.91. The firm has a market capitalization of $1.09 billion, a P/E ratio of 22.46 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The company had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. During the same period in the prior year, the firm earned $1.48 earnings per share. Oxford Industries’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts predict that Oxford Industries, Inc. will post $3.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s payout ratio is 37.37%.
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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