State Board of Administration of Florida Retirement System Acquires 260 Shares of Oxford Industries, Inc. (NYSE:OXM)

State Board of Administration of Florida Retirement System increased its holdings in shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 11.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,525 shares of the textile maker’s stock after purchasing an additional 260 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Oxford Industries were worth $235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. boosted its holdings in shares of Oxford Industries by 3.6% during the third quarter. First Republic Investment Management Inc. now owns 3,070 shares of the textile maker’s stock worth $276,000 after acquiring an additional 107 shares during the period. Meritage Portfolio Management boosted its holdings in shares of Oxford Industries by 3.5% during the fourth quarter. Meritage Portfolio Management now owns 3,164 shares of the textile maker’s stock worth $295,000 after acquiring an additional 108 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Oxford Industries by 3.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 3,533 shares of the textile maker’s stock worth $317,000 after acquiring an additional 129 shares during the period. Gables Capital Management Inc. boosted its holdings in shares of Oxford Industries by 1.6% during the fourth quarter. Gables Capital Management Inc. now owns 8,324 shares of the textile maker’s stock worth $776,000 after acquiring an additional 130 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Oxford Industries by 8.1% during the second quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock worth $197,000 after acquiring an additional 166 shares during the period. Institutional investors own 92.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OXM shares. KeyCorp lifted their price target on shares of Oxford Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, January 30th. StockNews.com began coverage on shares of Oxford Industries in a research report on Thursday. They set a “buy” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $125.00 price objective on shares of Oxford Industries in a research report on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.00.

Oxford Industries Price Performance

Oxford Industries stock opened at $103.37 on Monday. The stock’s 50 day moving average is $105.97 and its 200 day moving average is $107.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.23 and a quick ratio of 0.41. The firm has a market cap of $1.63 billion, a P/E ratio of 10.17 and a beta of 1.55. Oxford Industries, Inc. has a one year low of $77.81 and a one year high of $123.37.

Oxford Industries (NYSE:OXM – Get Rating) last issued its quarterly earnings results on Thursday, March 23rd. The textile maker reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.14. Oxford Industries had a return on equity of 33.13% and a net margin of 11.74%. The firm had revenue of $382.48 million for the quarter, compared to analyst estimates of $377.38 million. During the same period in the previous year, the firm earned $1.68 earnings per share. The company’s revenue was up 27.5% compared to the same quarter last year. As a group, research analysts expect that Oxford Industries, Inc. will post 11.77 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, April 13th. This represents a $2.60 annualized dividend and a yield of 2.52%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.55. Oxford Industries’s dividend payout ratio is 25.59%.

Insider Buying and Selling

In other Oxford Industries news, Director Dennis M. Love sold 1,000 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $105.93, for a total value of $105,930.00. Following the transaction, the director now owns 15,892 shares of the company’s stock, valued at $1,683,439.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by corporate insiders.

About Oxford Industries

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Oxford Industries, Inc engages in the design, sourcing, marketing, and distribution of apparel products. Its brands include Tommy Bahama, Lilly Pulitzer, Southern Tide, Johnny Was, TBBC, and Duck Head. The company was founded by John Hicks Lanier and Sartain Lanier in 1942 and is headquartered in Atlanta, GA.