Swiss National Bank Decreases Stake in Oxford Industries, Inc. (NYSE:OXM)

Swiss National Bank lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,500 shares of the textile maker’s stock after selling 300 shares during the period. Swiss National Bank owned 0.23% of Oxford Industries worth $3,401,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Oxford Industries during the 1st quarter valued at $10,185,000. Vanguard Group Inc. grew its holdings in Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock worth $184,773,000 after purchasing an additional 104,007 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Oxford Industries by 391.2% during the second quarter. Renaissance Technologies LLC now owns 111,021 shares of the textile maker’s stock valued at $9,852,000 after buying an additional 88,421 shares during the last quarter. Millennium Management LLC lifted its position in Oxford Industries by 122.9% during the second quarter. Millennium Management LLC now owns 144,036 shares of the textile maker’s stock valued at $12,782,000 after purchasing an additional 79,431 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Oxford Industries during the first quarter valued at approximately $6,281,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.

Oxford Industries Stock Performance

Shares of NYSE:OXM opened at $103.37 on Monday. Oxford Industries, Inc. has a 52 week low of $77.81 and a 52 week high of $123.37. The stock has a market capitalization of $1.63 billion, a P/E ratio of 10.17 and a beta of 1.55. The firm has a fifty day simple moving average of $105.97 and a two-hundred day simple moving average of $107.43. The company has a quick ratio of 0.41, a current ratio of 1.23 and a debt-to-equity ratio of 0.21.

Oxford Industries (NYSE:OXM – Get Rating) last issued its quarterly earnings data on Thursday, March 23rd. The textile maker reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.14. Oxford Industries had a net margin of 11.74% and a return on equity of 33.13%. The business had revenue of $382.48 million during the quarter, compared to analysts’ expectations of $377.38 million. During the same period last year, the company posted $1.68 EPS. The business’s revenue was up 27.5% on a year-over-year basis. On average, analysts expect that Oxford Industries, Inc. will post 11.77 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

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

Insider Activity

In other news, Director Dennis M. Love sold 1,000 shares of Oxford Industries stock in a transaction that occurred on Friday, April 21st. The shares were 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 approximately $1,683,439.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

OXM has been the topic of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $125.00 price target on shares of Oxford Industries in a research report on Friday, March 24th. KeyCorp raised their price objective 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. Finally, StockNews.com assumed coverage on shares of Oxford Industries in a research report on Thursday. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.