Harbor Capital Advisors Inc. Increases Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Harbor Capital Advisors Inc. boosted its position in Oxford Industries, Inc. (NYSE:OXM) by 14.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,853 shares of the textile maker’s stock after acquiring an additional 721 shares during the period. Harbor Capital Advisors Inc.’s holdings in Oxford Industries were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OXM. Mercer Global Advisors Inc. ADV grew its stake in shares of Oxford Industries by 4.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock worth $336,000 after purchasing an additional 150 shares during the last quarter. Creative Planning lifted its holdings in Oxford Industries by 6.0% in the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock worth $337,000 after buying an additional 219 shares during the period. SG Americas Securities LLC lifted its holdings in Oxford Industries by 5.8% in the 3rd quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock worth $378,000 after buying an additional 240 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Oxford Industries by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker’s stock worth $771,000 after buying an additional 276 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Oxford Industries by 2.2% during the second quarter. Texas Permanent School Fund Corp now owns 13,132 shares of the textile maker’s stock valued at $1,315,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group dropped their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Trading Down 0.9 %

OXM opened at $86.07 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88. The stock has a market cap of $1.35 billion, a PE ratio of 96.71 and a beta of 1.56. The business has a 50 day moving average of $80.40 and a 200-day moving average of $85.29.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. During the same quarter last year, the company posted $1.01 EPS. Oxford Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, January 17th. Oxford Industries’s payout ratio is currently 301.12%.

Oxford Industries Company 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.