The Manufacturers Life Insurance Company Sells 215 Shares of Oxford Industries, Inc. (NYSE:OXM)

The Manufacturers Life Insurance Company lessened its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,390 shares of the textile maker’s stock after selling 215 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Oxford Industries were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Oxford Industries by 74.0% in the third quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after acquiring an additional 20,620 shares during the period. Franklin Resources Inc. boosted its position in shares of Oxford Industries by 7.4% in the third quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker’s stock valued at $667,000 after acquiring an additional 527 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Oxford Industries by 29.5% in the third quarter. JPMorgan Chase & Co. now owns 37,291 shares of the textile maker’s stock valued at $3,235,000 after acquiring an additional 8,500 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Oxford Industries by 27.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 27,146 shares of the textile maker’s stock valued at $2,139,000 after acquiring an additional 5,911 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Oxford Industries by 7.2% in the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock valued at $401,000 after acquiring an additional 343 shares during the period. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Trading Down 0.4%

Shares of OXM opened at $56.96 on Friday. The firm has a market cap of $846.71 million, a price-to-earnings ratio of 64.00 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries, Inc. has a fifty-two week low of $42.12 and a fifty-two week high of $111.44. The firm has a 50 day moving average price of $53.98 and a 200-day moving average price of $69.40.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The firm had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. As a group, equities research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.85%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, April 17th. Oxford Industries’s payout ratio is presently 47.02%.

Analyst Ratings Changes

OXM has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Oxford Industries from $52.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, April 7th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group dropped 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 report on Friday, March 28th. Finally, Telsey Advisory Group dropped their target price on shares of Oxford Industries from $64.00 to $52.00 and set a “market perform” rating for the company in a research report on Wednesday, April 23rd.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the purchase, the director now directly owns 7,180 shares in the company, valued at $421,466. This represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 5.70% of the stock is owned by insiders.

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.