New York State Common Retirement Fund trimmed its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 36.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,400 shares of the textile maker’s stock after selling 10,343 shares during the period. New York State Common Retirement Fund owned 0.11% of Oxford Industries worth $1,169,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Oxford Industries by 3.4% in the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after acquiring an additional 1,900 shares during the period. Bessemer Group Inc. increased its holdings in shares of Oxford Industries by 109,500.0% in the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after acquiring an additional 21,900 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Oxford Industries by 60.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 16,943 shares during the period. Vanguard Group Inc. increased its holdings in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after acquiring an additional 14,729 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Oxford Industries by 133.6% in the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after acquiring an additional 50,770 shares during the period. 89.06% of the stock is currently owned by institutional investors.
In related news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at approximately $1,225,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.29% of the company’s stock.
Oxford Industries, Inc. (OXM) opened at $79.41 on Friday. The stock has a market cap of $1,284.54, a PE ratio of 26.04, a P/E/G ratio of 2.08 and a beta of 0.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries, Inc. has a 12-month low of $49.50 and a 12-month high of $79.44.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. Oxford Industries’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. equities analysts forecast that Oxford Industries, Inc. will post 3.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.27 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. Oxford Industries’s dividend payout ratio is presently 35.41%.
OXM has been the topic of a number of analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Friday, September 15th. B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research report on Tuesday, October 24th. Finally, Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the company a “buy” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Buy” and a consensus price target of $75.40.
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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