Russell Investment Group cut its stake in Oxford Industries (NYSE: OXM – Get Rating) by 84.2% in the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company held 5,381 shares in the textile maker after selling 28,646 shares during the quarter. Russell Investment Group’s Oxford Industries shares were worth $501,000 at the end of the most recent quarter.
A number of other institutional investors have also recently changed their holdings in OXM. PNC Financial Services Group increased its stake in Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. acquired an additional 1,475 shares during the period and now owns 4,283 shares in the textile manufacturer worth $388,000. Montreal Can Bank increased its stake in Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now holds 5,204 shares in the textile maker, valued at $488,000, after purchasing an additional 286 shares last quarter. MetLife Investment Management LLC expanded its position in Oxford Industries by 62.5% in the first quarter. MetLife Investment Management LLC purchased an additional 3,323 shares during the period and now owns 8,637 shares of the textile maker, valued at $782,000. Lumbrine Advisors increased its stake in Oxford Industries by 2.9% in the first quarter. Rhumbline Advisers purchased an additional 1,311 of his shares last quarter and now holds 46,460 shares in the textile manufacturer worth $4,205,000. Finally, Pennsylvania Public Schools Empls Retrmt SYS increased its position in Oxford Industries stock by 14.0% during the first quarter. Pennsylvania Public Schools Empls Retrmt SYS now owns 13,688 shares in the textile manufacturer valued at $1,239,000 after acquiring an additional 1,685 shares during the period. Currently 92.94% of the shares are owned by hedge funds and other institutional investors.
Oxford Industries stock performance
OXM shares opened at $106.00 on Monday. Oxford Industries hit a one-year low of $82.14 and a one-year high of $123.37. The company’s 50-day simple moving average is $105.00 and its 200-day simple moving average is $107.65. The company has a market capitalization of $1.67 billion, a price/earnings multiple of 10.43, and a beta of 1.55. The company has a debt to equity ratio of 0.21, a quick ratio of 0.41 and a current ratio of 1.23.
Oxford Industries (NYSE:OXM – Get Rating) last released quarterly earnings data on Thursday, March 23rd. The textile maker reported earnings per share (EPS) of $2.28 for the quarter, $0.14 above consensus expectations of $2.14. The business had sales of $382.48 million in the quarter, compared with analysts’ expectations of $377.38 million. Oxford Industries’ return on equity was 33.13% and net profit margin was 11.74%. Revenue for this business increased by 27.5% year-on-year. The company’s earnings per share in the same period last year were $1.68. On average, sell-side analysts expect Oxford Industries to post EPS of $11.77 this year.
Oxford Industries increases dividend
The company also recently announced a quarterly dividend, which was paid out on Friday, April 28. He was issued a $0.65 dividend to investors of record on Friday, April 14th. This equates to his $2.60 dividend and his 2.45% yield on an annualized basis. This is up from Oxford Industries’ previous quarterly dividend of $0.55. The ex-dividend date was Thursday, April 13. Oxford Industries’ payout ratio is currently 25.59%.
Wall Street analyst speaks out
Several equity analysts recently released reports on the company. Keycorp raised its price target on Oxford Industries from $125.00 to $130.00 in its report on Monday, Jan. 30, rating the stock “overweight.” StockNews.com began covering Oxford Industries in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Telsey Advisory Group reiterated its ‘market performance’ assessment in its report on Friday 24 March, setting a target price for Oxford Industries shares at $125.00. Two equity research analysts rate the stock as a “hold” and three as a “buy.” According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.00.
In other Oxford Industries news, director Dennis M. Love sold 1,000 shares of Oxford Industries stock in a transaction on Friday, April 21st. The shares were sold at an average price of $105.93 for a total of $105,930.00. Following the transaction, the directors own 15,892 shares of the company, valued at approximately $1,683,439.56. The sale was disclosed in documents filed with the SEC, which can be accessed on the SEC’s website. His 6.00% of the shares are now owned by an insider.
Oxford Industries Profile
Oxford Industries, Inc designs, sources, markets and distributes apparel products. The company’s brands include Tommy Bahama, Lily Pulitzer, Southern Tide, Johnny Was, TBBC and Duck Head. The company was founded by John Hicks Lanier and Sartain Lanier in his 1942 and is headquartered in Atlanta, Georgia.
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