BNP Paribas Financial Markets Purchases 2,908 Shares of Oxford Industries, Inc. (NYSE:OXM)

BNP Paribas Financial Markets raised its holdings in shares of Oxford Industries, Inc. (NYSE:OXMFree Report) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,388 shares of the textile maker’s stock after purchasing an additional 2,908 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Oxford Industries worth $1,639,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake 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 during the period. Clearbridge Investments LLC purchased a new stake in Oxford Industries in the 3rd quarter worth $13,512,000. William Blair Investment Management LLC lifted its position in shares of Oxford Industries by 21.7% in the third quarter. William Blair Investment Management LLC now owns 319,815 shares of the textile maker’s stock worth $30,744,000 after buying an additional 57,091 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Oxford Industries by 517.2% during the 3rd quarter. Victory Capital Management Inc. now owns 67,128 shares of the textile maker’s stock worth $6,453,000 after acquiring an additional 56,251 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Oxford Industries by 19.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 188,933 shares of the textile maker’s stock valued at $18,893,000 after purchasing an additional 30,130 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OXM has been the subject of several recent analyst reports. UBS Group dropped 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. Citigroup cut Oxford Industries from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $98.00 to $94.00 in a research note on Monday, April 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.60.

Check Out Our Latest Report on Oxford Industries

Insider Activity

In related news, CEO Douglas B. Wood sold 33,587 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.70% of the company’s stock.

Oxford Industries Price Performance

NYSE OXM opened at $106.00 on Monday. Oxford Industries, Inc. has a 12-month low of $82.33 and a 12-month high of $113.88. The firm’s fifty day simple moving average is $107.32 and its two-hundred day simple moving average is $101.01. 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 firm has a market capitalization of $1.66 billion, a P/E ratio of 28.73 and a beta of 1.58.

Oxford Industries (NYSE:OXMGet Free Report) last announced its quarterly earnings data 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 company had revenue of $404.43 million during the quarter, compared to analysts’ expectations of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 earnings per share. Analysts forecast that Oxford Industries, Inc. will post 9.6 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Friday, April 19th were given a dividend of $0.67 per share. The ex-dividend date was Thursday, April 18th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 2.53%. Oxford Industries’s payout ratio is currently 72.63%.

Oxford Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

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