New York State Teachers Retirement System Sells 200 Shares of Oxford Industries, Inc. (NYSE:OXM)

New York State Teachers Retirement System decreased its holdings in Oxford Industries, Inc. (NYSE:OXM) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,193 shares of the textile maker’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Oxford Industries were worth $3,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Oxford Industries by 52.5% during 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 during the period. Bank of Montreal Can increased its stake in shares of Oxford Industries by 5.8% during 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 during the period. MetLife Investment Management LLC increased its stake in shares of Oxford Industries by 62.5% during 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 during the period. Rhumbline Advisers increased its stake in shares of Oxford Industries by 2.9% during 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 during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Oxford Industries by 14.0% during 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 during the period. Institutional investors own 91.16% of the company’s stock.

Insider Activity

In other news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction on Friday, April 5th. The stock was 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 owns 12,394 shares in the company, valued at approximately $1,300,750.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.

Oxford Industries Trading Down 2.4 %

Shares of NYSE:OXM opened at $102.48 on Tuesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 27.77 and a beta of 1.60. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. The business’s 50 day simple moving average is $103.86 and its 200 day simple moving average is $97.65.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results 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 the consensus estimate of $408.28 million. During the same quarter in the previous year, the business posted $2.28 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Oxford Industries, Inc. will post 9.47 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a $0.67 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. This represents a $2.68 annualized dividend and a dividend yield of 2.62%. Oxford Industries’s dividend payout ratio (DPR) is presently 70.46%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OXM. UBS Group lowered their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Citigroup downgraded Oxford Industries from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $98.00 to $94.00 in a research report on Monday, April 1st. Finally, Telsey Advisory Group increased their price target on Oxford Industries from $102.00 to $110.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Oxford Industries presently has an average rating of “Hold” and an average price target of $103.60.

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 children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.