Rhumbline Advisers increased its position in Oxford Industries Inc (NYSE:OXM) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 49,273 shares of the textile maker’s stock after acquiring an additional 8,200 shares during the quarter. Rhumbline Advisers’ holdings in Oxford Industries were worth $3,500,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in Oxford Industries by 2.6% in the 4th quarter. Strs Ohio now owns 11,700 shares of the textile maker’s stock valued at $831,000 after buying an additional 300 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Oxford Industries in the 4th quarter valued at $41,000. Teachers Advisors LLC lifted its stake in shares of Oxford Industries by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 32,105 shares of the textile maker’s stock valued at $2,896,000 after purchasing an additional 657 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Oxford Industries by 33.9% in the 3rd quarter. Riverhead Capital Management LLC now owns 2,765 shares of the textile maker’s stock valued at $250,000 after purchasing an additional 700 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Oxford Industries in the 4th quarter valued at $50,000. Institutional investors own 91.12% of the company’s stock.
In other news, Director John R. Holder bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were purchased at an average price of $69.89 per share, with a total value of $34,945.00. Following the purchase, the director now owns 21,134 shares in the company, valued at $1,477,055.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.07% of the stock is currently owned by corporate insiders.
OXM opened at $79.03 on Friday. Oxford Industries Inc has a 12-month low of $63.50 and a 12-month high of $97.19. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.37 billion, a P/E ratio of 21.59, a PEG ratio of 1.71 and a beta of 0.31.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 12th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). Oxford Industries had a return on equity of 15.56% and a net margin of 6.69%. The firm had revenue of $233.70 million for the quarter, compared to analyst estimates of $242.45 million. During the same period in the previous year, the company posted $0.17 EPS. Oxford Industries’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that Oxford Industries Inc will post 4.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Friday, January 18th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, January 17th. Oxford Industries’s payout ratio is 37.16%.
Several equities analysts have recently commented on OXM shares. Telsey Advisory Group upped their price target on Oxford Industries from $88.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, November 2nd. Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. KeyCorp decreased their price target on Oxford Industries from $104.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, December 13th. Finally, CL King started coverage on Oxford Industries in a research note on Friday, December 28th. They issued a “buy” rating and a $80.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of “Buy” and an average price target of $90.00.
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Oxford Industries Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
Read More: Exchange-Traded Funds (ETFs)
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