Arrowstreet Capital Limited Partnership grew its holdings in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 63.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,276 shares of the textile maker’s stock after buying an additional 170,208 shares during the period. Arrowstreet Capital Limited Partnership owned 2.94% of Oxford Industries worth $17,681,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in Oxford Industries by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 185 shares during the period. Advisors Asset Management Inc. grew its holdings in Oxford Industries by 6.1% in the second quarter. Advisors Asset Management Inc. now owns 4,169 shares of the textile maker’s stock worth $168,000 after purchasing an additional 241 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Oxford Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock valued at $517,000 after purchasing an additional 387 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Oxford Industries by 22.3% during the first quarter. AlphaQuest LLC now owns 3,604 shares of the textile maker’s stock valued at $211,000 after purchasing an additional 657 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Oxford Industries by 5.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,724 shares of the textile maker’s stock valued at $512,000 after purchasing an additional 700 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.
Oxford Industries Trading Up 2.3%
NYSE:OXM opened at $40.70 on Monday. The company has a market cap of $605.19 million, a PE ratio of 11.00 and a beta of 1.11. The company has a current ratio of 1.18, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $37.72 and a two-hundred day simple moving average of $42.23. Oxford Industries, Inc. has a 12 month low of $31.47 and a 12 month high of $89.86.
Oxford Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $2.76 annualized dividend and a dividend yield of 6.8%. Oxford Industries’s dividend payout ratio is presently 74.59%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on OXM shares. UBS Group reduced their price objective on Oxford Industries from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, August 27th. Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Oxford Industries in a report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $52.00 price target on shares of Oxford Industries in a research report on Friday. Finally, Citigroup raised shares of Oxford Industries from a “sell” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $35.00 in a research report on Tuesday, November 25th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Oxford Industries currently has an average rating of “Reduce” and an average target price of $52.60.
View Our Latest Analysis on Oxford Industries
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.
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