US Bancorp DE Acquires 2,741 Shares of Oxford Industries, Inc. (NYSE:OXM)

US Bancorp DE increased its holdings in shares of Oxford Industries, Inc. (NYSE:OXMFree Report) by 77.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,300 shares of the textile maker’s stock after purchasing an additional 2,741 shares during the period. US Bancorp DE’s holdings in Oxford Industries were worth $630,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Oxford Industries by 517.2% in the third 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. Swiss National Bank raised its position in shares of Oxford Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 34,600 shares of the textile maker’s stock valued at $3,326,000 after purchasing an additional 200 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Oxford Industries by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the textile maker’s stock worth $383,000 after purchasing an additional 207 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Oxford Industries by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 186,652 shares of the textile maker’s stock worth $17,943,000 after purchasing an additional 7,837 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Oxford Industries during the 3rd quarter valued at approximately $239,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 3.5 %

Shares of OXM opened at $103.59 on Friday. The stock’s 50-day moving average price is $106.91 and its 200-day moving average price is $101.96. 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 $1.62 billion, a price-to-earnings ratio of 28.07 and a beta of 1.55. Oxford Industries, Inc. has a 52 week low of $82.33 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXMGet Free Report) last announced its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The company had revenue of $404.43 million for 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 firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 earnings per share. On average, sell-side analysts predict that Oxford Industries, Inc. will post 9.6 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared 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. This is a boost from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, April 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 72.63%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OXM. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price objective on shares of Oxford Industries in a research note on Thursday. Citigroup lowered 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 report on Monday, April 1st. Finally, UBS Group dropped their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oxford Industries presently has a consensus rating of “Hold” and a consensus price target of $103.60.

Read Our Latest Stock Analysis on OXM

Insider Activity at Oxford Industries

In related 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 completion of the transaction, the chief executive officer now directly owns 12,394 shares in the company, valued at $1,300,750.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by company insiders.

Oxford Industries 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.

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

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