Principal Financial Group Inc. decreased its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 3.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 93,108 shares of the textile maker’s stock after selling 3,131 shares during the period. Principal Financial Group Inc. owned 0.59% of Oxford Industries worth $9,831,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in OXM. Vanguard Group Inc. boosted its position in shares of Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock valued at $184,773,000 after acquiring an additional 104,007 shares during the period. Invesco Ltd. increased its holdings in shares of Oxford Industries by 8.0% in the first quarter. Invesco Ltd. now owns 862,286 shares of the textile maker’s stock worth $78,036,000 after purchasing an additional 64,175 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Oxford Industries by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 659,720 shares of the textile maker’s stock worth $59,705,000 after buying an additional 11,106 shares in the last quarter. State Street Corp boosted its stake in Oxford Industries by 2.4% during the first quarter. State Street Corp now owns 534,551 shares of the textile maker’s stock valued at $48,377,000 after buying an additional 12,582 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Oxford Industries by 1.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 292,211 shares of the textile maker’s stock worth $27,228,000 after buying an additional 5,544 shares in the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $115.00 price target on shares of Oxford Industries in a report on Friday, August 25th. Citigroup dropped their target price on shares of Oxford Industries from $110.00 to $101.00 in a research report on Thursday, June 8th. StockNews.com assumed coverage on shares of Oxford Industries in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, UBS Group dropped their price objective on shares of Oxford Industries from $110.00 to $108.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.50.
Oxford Industries Price Performance
Shares of NYSE:OXM opened at $102.78 on Wednesday. The company’s fifty day moving average is $103.01 and its 200 day moving average is $105.72. The company has a quick ratio of 0.61, a current ratio of 1.35 and a debt-to-equity ratio of 0.16. Oxford Industries, Inc. has a 52 week low of $85.00 and a 52 week high of $123.37. The stock has a market cap of $1.62 billion, a PE ratio of 9.93 and a beta of 1.51.
Oxford Industries (NYSE:OXM – Get Free Report) last released its quarterly earnings data on Wednesday, June 7th. The textile maker reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.04. The firm had revenue of $420.10 million for the quarter, compared to analysts’ expectations of $419.10 million. Oxford Industries had a net margin of 11.28% and a return on equity of 32.20%. Research analysts anticipate that Oxford Industries, Inc. will post 11.05 earnings per share for the current year.
Oxford Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, July 13th. Oxford Industries’s payout ratio is 25.12%.
Insider Buying and Selling
In other Oxford Industries news, Director Dennis M. Love sold 929 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $104.58, for a total transaction of $97,154.82. Following the transaction, the director now directly owns 15,994 shares of the company’s stock, valued at approximately $1,672,652.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Oxford Industries news, Director Dennis M. Love sold 929 shares of Oxford Industries stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $104.58, for a total transaction of $97,154.82. Following the sale, the director now directly owns 15,994 shares of the company’s stock, valued at approximately $1,672,652.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis M. Love sold 1,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.41, for a total value of $103,410.00. Following the completion of the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $1,750,007.43. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.
About Oxford Industries
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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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