US Bancorp DE reduced its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,255 shares of the textile maker’s stock after selling 464 shares during the quarter. US Bancorp DE’s holdings in Oxford Industries were worth $382,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Oxford Industries by 33.9% during the second quarter. Cubist Systematic Strategies LLC now owns 78,733 shares of the textile maker’s stock worth $6,987,000 after purchasing an additional 19,916 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Oxford Industries by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 13,700 shares of the textile maker’s stock worth $1,216,000 after purchasing an additional 2,026 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Oxford Industries during the third quarter worth $67,000. IFG Advisory LLC bought a new stake in shares of Oxford Industries during the second quarter worth $485,000. Finally, Gladius Capital Management LP grew its holdings in shares of Oxford Industries by 161.1% during the second quarter. Gladius Capital Management LP now owns 3,081 shares of the textile maker’s stock worth $274,000 after purchasing an additional 1,901 shares during the last quarter. 92.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OXM has been the topic of several research analyst reports. Telsey Advisory Group increased their target price on Oxford Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Thursday, December 8th. CL King raised their price target on Oxford Industries from $137.00 to $140.00 in a report on Thursday, December 8th. Citigroup raised their price target on Oxford Industries from $105.00 to $110.00 in a report on Thursday, December 8th. Finally, StockNews.com upgraded Oxford Industries from a “hold” rating to a “buy” rating in a report on Thursday, December 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.
Oxford Industries Price Performance
Oxford Industries (NYSE:OXM – Get Rating) last issued its earnings results on Wednesday, December 7th. The textile maker reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26. Oxford Industries had a return on equity of 32.35% and a net margin of 11.97%. The firm had revenue of $313.03 million for the quarter, compared to analysts’ expectations of $303.38 million. On average, equities analysts predict that Oxford Industries, Inc. will post 10.74 earnings per share for the current year.
Oxford Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, January 12th. Oxford Industries’s dividend payout ratio (DPR) is currently 22.77%.
Insiders Place Their Bets
In other Oxford Industries news, Director Dennis M. Love sold 550 shares of the firm’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $94.01, for a total transaction of $51,705.50. Following the transaction, the director now owns 17,992 shares in the company, valued at $1,691,427.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Dennis M. Love sold 550 shares of the firm’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $94.01, for a total transaction of $51,705.50. Following the sale, the director now owns 17,992 shares of the company’s stock, valued at $1,691,427.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott Grassmyer sold 2,782 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $105.96, for a total value of $294,780.72. Following the sale, the executive vice president now directly owns 29,379 shares in the company, valued at approximately $3,112,998.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,855 shares of company stock worth $397,060. Insiders own 5.90% of the company’s stock.
Oxford Industries Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
- Get a free copy of the StockNews.com research report on Oxford Industries (OXM)
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