Norges Bank Makes New Investment in Oxford Industries, Inc. (NYSE:OXM)

Norges Bank purchased a new position in shares of Oxford Industries, Inc. (NYSE:OXMFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 96,822 shares of the textile maker’s stock, valued at approximately $9,682,000. Norges Bank owned 0.62% of Oxford Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OXM. Wellington Management Group LLP lifted its position in Oxford Industries by 717.9% during the 3rd quarter. Wellington Management Group LLP now owns 373,847 shares of the textile maker’s stock worth $35,938,000 after acquiring an additional 328,140 shares during the period. Clearbridge Investments LLC acquired a new stake in Oxford Industries during the 3rd quarter worth about $13,512,000. William Blair Investment Management LLC lifted its position in Oxford Industries by 21.7% during the 3rd quarter. William Blair Investment Management LLC now owns 319,815 shares of the textile maker’s stock worth $30,744,000 after acquiring an additional 57,091 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Oxford Industries by 517.2% in the 3rd quarter. Victory Capital Management Inc. now owns 67,128 shares of the textile maker’s stock valued at $6,453,000 after buying an additional 56,251 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Oxford Industries by 19.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 188,933 shares of the textile maker’s stock valued at $18,893,000 after buying an additional 30,130 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insiders Place Their Bets

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 12,394 shares in the company, valued at approximately $1,300,750.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.70% of the stock is owned by company insiders.

Oxford Industries Stock Performance

NYSE OXM opened at $107.29 on Thursday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.08 and a beta of 1.55. 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 stock has a 50-day moving average of $107.19 and a 200 day moving average of $101.91.

Oxford Industries (NYSE:OXMGet Free Report) last released 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). The business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. 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 company posted $2.28 EPS. Sell-side analysts anticipate that Oxford Industries, Inc. will post 9.6 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Friday, April 19th were issued a $0.67 dividend. This is a boost from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a yield of 2.50%. Oxford Industries’s dividend payout ratio is presently 72.63%.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Oxford Industries

About Oxford Industries

(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.

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

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