Oxford Industries, Inc. (NYSE:OXM) Stock Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Oxford Industries, Inc. (NYSE:OXM) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,501 shares of the textile maker’s stock after selling 440 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oxford Industries were worth $250,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Milestone Investment Advisors LLC bought a new stake in Oxford Industries during the third quarter worth approximately $38,000. AXQ Capital LP acquired a new stake in shares of Oxford Industries in the third quarter valued at $221,000. Envestnet Portfolio Solutions Inc. bought a new position in Oxford Industries during the third quarter valued at about $233,000. Precedent Wealth Partners LLC acquired a new position in Oxford Industries during the fourth quarter worth about $236,000. Finally, Pathstone Family Office LLC bought a new stake in Oxford Industries in the third quarter worth about $239,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Trading Down 0.1 %

Shares of NYSE OXM opened at $108.75 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 29.47 and a beta of 1.58. Oxford Industries, Inc. has a 52 week low of $82.33 and a 52 week high of $113.88. The business has a 50 day simple moving average of $106.07 and a 200 day simple moving average of $98.88.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. During the same period in the previous year, the firm posted $2.28 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts predict that Oxford Industries, Inc. will post 9.6 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Friday, April 19th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, April 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 72.63%.

Insider Buying and Selling

In related news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the transaction, the chief executive officer now directly owns 12,394 shares in the company, valued at approximately $1,300,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

OXM has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Oxford Industries in a research note on Wednesday, April 24th. Citigroup cut Oxford Industries from a “neutral” rating to a “sell” rating and lowered their target price for the company from $98.00 to $94.00 in a research note on Monday, April 1st. Finally, UBS Group reduced their price target on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.60.

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.