Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Oxford Industries, Inc. (NYSE:OXM) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,298 shares of the textile maker’s stock after selling 430 shares during the quarter. Wells Fargo & Company MN owned about 0.33% of Oxford Industries worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC bought a new position in Oxford Industries during the 4th quarter valued at $63,000. Blue Trust Inc. lifted its position in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 160 shares during the last quarter. Vestcor Inc acquired a new position in shares of Oxford Industries in the 4th quarter valued at $100,000. Truvestments Capital LLC increased its position in shares of Oxford Industries by 15.6% in the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after acquiring an additional 326 shares in the last quarter. Finally, Howe & Rusling Inc. purchased a new position in shares of Oxford Industries during the fourth quarter valued at $215,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now directly owns 7,180 shares of the company’s stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OXM shares. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. Telsey Advisory Group dropped their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. Citigroup cut their price objective on Oxford Industries from $52.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, April 7th. Finally, UBS Group cut their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, March 28th.

Oxford Industries Stock Up 1.3 %

NYSE OXM opened at $45.38 on Tuesday. The stock’s 50 day moving average is $59.25 and its two-hundred day moving average is $72.47. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $674.57 million, a price-to-earnings ratio of 50.99 and a beta of 1.40. Oxford Industries, Inc. has a 1-year low of $42.12 and a 1-year high of $111.46.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same period in the previous year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is currently 47.02%.

Oxford Industries Company Profile

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.