Oxford Industries, Inc. (NYSE:OXM) Stake Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in Oxford Industries, Inc. (NYSE:OXM) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,656 shares of the textile maker’s stock after selling 373 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Oxford Industries were worth $866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OXM. Milestone Investment Advisors LLC bought a new stake in shares of Oxford Industries in the third quarter worth $38,000. GW Henssler & Associates Ltd. bought a new position in shares of Oxford Industries during the third quarter worth about $211,000. AXQ Capital LP bought a new position in shares of Oxford Industries during the third quarter worth about $221,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Oxford Industries during the third quarter worth about $233,000. Finally, Precedent Wealth Partners LLC bought a new position in shares of Oxford Industries during the fourth quarter worth about $236,000. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OXM shares. Citigroup downgraded shares of Oxford Industries from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $98.00 to $94.00 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 report on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Oxford Industries in a report on Wednesday, April 24th. 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, the company has an average rating of “Hold” and an average price target of $103.60.

Insider Buying and Selling at Oxford Industries

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

Oxford Industries Price Performance

Shares of NYSE OXM opened at $106.71 on Monday. Oxford Industries, Inc. has a twelve month low of $82.33 and a twelve month high of $113.88. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 28.92 and a beta of 1.60. The firm has a 50-day moving average of $105.17 and a two-hundred day moving average of $98.32.

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 business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. During the same period in the previous year, the company posted $2.28 earnings per share. Oxford Industries’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts expect that Oxford Industries, Inc. will post 9.47 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, April 18th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 2.51%. Oxford Industries’s dividend payout ratio is currently 72.63%.

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; 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.