Thrivent Financial for Lutherans Trims Stake in Oxford Industries, Inc. (NYSE:OXM)

Thrivent Financial for Lutherans reduced its holdings in shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,346 shares of the textile maker’s stock after selling 132 shares during the period. Thrivent Financial for Lutherans’ holdings in Oxford Industries were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after purchasing an additional 1,475 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after purchasing an additional 286 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Oxford Industries by 62.5% in the first quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock worth $782,000 after purchasing an additional 3,323 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Oxford Industries by 2.9% in the first quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock worth $4,205,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Oxford Industries by 14.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock worth $1,239,000 after purchasing an additional 1,685 shares in the last quarter. 92.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, Director Dennis M. Love sold 1,000 shares of the stock in a transaction on Friday, April 21st. The shares were sold at an average price of $105.93, for a total transaction of $105,930.00. Following the completion of the transaction, the director now owns 15,892 shares in the company, valued at $1,683,439.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by company insiders.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $103.37 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.41 and a current ratio of 1.23. The firm has a fifty day moving average price of $105.97 and a 200 day moving average price of $107.43. Oxford Industries, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $123.37. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 10.17 and a beta of 1.55.

Oxford Industries (NYSE:OXM – Get Rating) last issued its earnings results on Thursday, March 23rd. The textile maker reported $2.28 earnings per share 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 firm had revenue of $382.48 million during the quarter, compared to analyst estimates of $377.38 million. During the same quarter in the prior year, the business earned $1.68 earnings per share. Oxford Industries’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $2.60 annualized dividend and a yield of 2.52%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.55. Oxford Industries’s dividend payout ratio (DPR) is 25.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OXM. KeyCorp increased their price objective on shares of Oxford Industries from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, January 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $125.00 price objective on shares of Oxford Industries in a research note on Friday, March 24th. Finally, StockNews.com started coverage on shares of Oxford Industries in a research report on Thursday. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Oxford Industries has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Oxford Industries Profile

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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.