Nisa Investment Advisors LLC Sells 349 Shares of Oxford Industries, Inc. (NYSE:OXM)

Nisa Investment Advisors LLC lessened its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,850 shares of the textile maker’s stock after selling 349 shares during the period. Nisa Investment Advisors LLC’s holdings in Oxford Industries were worth $985,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Oxford Industries by 717.9% during the 3rd quarter. Wellington Management Group LLP now owns 373,847 shares of the textile maker’s stock valued at $35,938,000 after purchasing an additional 328,140 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Oxford Industries by 2,350.6% during the first quarter. Envestnet Asset Management Inc. now owns 318,505 shares of the textile maker’s stock worth $1,067,000 after buying an additional 305,508 shares during the last quarter. Norges Bank bought a new position in Oxford Industries during the fourth quarter valued at about $14,156,000. Clearbridge Investments LLC acquired a new stake in shares of Oxford Industries in the third quarter worth about $13,512,000. Finally, Comerica Bank bought a new stake in shares of Oxford Industries during the 2nd quarter worth about $12,302,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 2.4 %

OXM opened at $102.48 on Tuesday. The business has a 50 day moving average of $103.86 and a 200-day moving average of $97.65. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.77 and a beta of 1.60. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.05. Oxford Industries, Inc. has a 1-year low of $82.33 and a 1-year high of $113.88.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The company had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. During the same period last year, the company earned $2.28 earnings per share. Oxford Industries’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Oxford Industries, Inc. will post 9.47 earnings per share for the current year.

Oxford Industries Increases Dividend

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

Insider Buying and Selling at Oxford Industries

In other news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the sale, the chief executive officer now owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Telsey Advisory Group boosted their target price on Oxford Industries from $102.00 to $110.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. UBS Group reduced their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Finally, Citigroup lowered shares of 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Oxford Industries presently has an average rating of “Hold” and a consensus target price 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.