Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,600 shares of the textile maker’s stock after selling 3,900 shares during the quarter. Swiss National Bank owned 0.21% of Oxford Industries worth $3,442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moran Wealth Management LLC acquired a new position in shares of Oxford Industries during the fourth quarter worth about $2,505,000. Cassaday & Co Wealth Management LLC lifted its stake in shares of Oxford Industries by 11.0% during the first quarter. Cassaday & Co Wealth Management LLC now owns 33,512 shares of the textile maker’s stock worth $3,539,000 after purchasing an additional 3,314 shares in the last quarter. Foster & Motley Inc. lifted its stake in shares of Oxford Industries by 107.9% during the fourth quarter. Foster & Motley Inc. now owns 11,101 shares of the textile maker’s stock worth $1,034,000 after purchasing an additional 5,761 shares in the last quarter. J. W. Coons Advisors LLC lifted its stake in shares of Oxford Industries by 49.9% during the first quarter. J. W. Coons Advisors LLC now owns 3,560 shares of the textile maker’s stock worth $376,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Oxford Industries by 25.5% during the fourth quarter. Citigroup Inc. now owns 11,279 shares of the textile maker’s stock worth $1,051,000 after purchasing an additional 2,295 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

Oxford Industries Stock Up 1.1 %

Shares of Oxford Industries stock opened at $102.09 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.60 billion, a P/E ratio of 9.86 and a beta of 1.51. Oxford Industries, Inc. has a fifty-two week low of $85.00 and a fifty-two week high of $123.37. The business has a 50-day moving average price of $103.28 and a 200 day moving average price of $105.55.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, August 31st. The textile maker reported $3.45 earnings per share for the quarter, missing the consensus estimate of $3.46 by ($0.01). The firm had revenue of $420.32 million during the quarter, compared to the consensus estimate of $424.27 million. Oxford Industries had a net margin of 11.28% and a return on equity of 32.20%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. On average, sell-side analysts forecast that Oxford Industries, Inc. will post 11.05 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is presently 25.12%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OXM shares. Telsey Advisory Group dropped their target price on Oxford Industries from $115.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday. Citigroup dropped their target price on Oxford Industries from $101.00 to $98.00 in a research report on Friday. UBS Group dropped their target price on Oxford Industries from $110.00 to $108.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. Finally, StockNews.com raised Oxford Industries from a “hold” rating to a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Activity

In other news, Director Dennis M. Love sold 929 shares of the company’s 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 completion of the transaction, the director now directly owns 15,994 shares of the company’s stock, valued at $1,672,652.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dennis M. Love sold 929 shares of the business’s 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 completion of the transaction, the director now directly owns 15,994 shares in the company, valued at $1,672,652.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis M. Love sold 1,000 shares of the business’s 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 transaction, the director now owns 16,923 shares of the company’s stock, valued at $1,750,007.43. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

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.