Zurcher Kantonalbank Zurich Cantonalbank Has $250,000 Position in Oxford Industries, Inc. (NYSE:OXM)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Oxford Industries, Inc. (NYSE:OXM) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,501 shares of the textile maker’s stock after selling 440 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oxford Industries were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Milestone Investment Advisors LLC acquired a new stake in Oxford Industries in the third quarter worth $38,000. AXQ Capital LP bought a new position in Oxford Industries during the third quarter worth about $221,000. Envestnet Portfolio Solutions Inc. acquired a new position in Oxford Industries in the third quarter valued at about $233,000. Precedent Wealth Partners LLC acquired a new position in Oxford Industries in the fourth quarter valued at about $236,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of Oxford Industries during the third quarter worth about $239,000. Institutional investors own 91.16% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.00% of the company’s stock.

Oxford Industries Price Performance

NYSE OXM opened at $108.75 on Tuesday. The firm’s 50 day moving average is $106.07 and its 200-day moving average is $98.88. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.70 billion, a PE ratio of 29.47 and a beta of 1.58. Oxford Industries, Inc. has a 12-month low of $82.33 and a 12-month high of $113.88.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.02). The business had revenue of $404.43 million for the quarter, compared to the consensus estimate of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.28 earnings per share. Equities research analysts anticipate that Oxford Industries, Inc. will post 9.6 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.46%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, April 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 72.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price objective on shares of Oxford Industries in a research report on Wednesday, April 24th. Finally, Citigroup cut shares of Oxford Industries from a “neutral” rating to a “sell” rating and cut their price objective for the company from $98.00 to $94.00 in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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; 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.