Wedge Capital Management L L P NC Trims Stake in Oxford Industries Inc (OXM)

Wedge Capital Management L L P NC cut its holdings in Oxford Industries Inc (NYSE:OXM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,418 shares of the textile maker’s stock after selling 7,398 shares during the period. Wedge Capital Management L L P NC owned about 1.25% of Oxford Industries worth $19,070,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in Oxford Industries by 8.6% during the 2nd quarter. BlackRock Inc. now owns 2,357,282 shares of the textile maker’s stock valued at $195,606,000 after purchasing an additional 185,923 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Oxford Industries by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 799,714 shares of the textile maker’s stock valued at $66,361,000 after purchasing an additional 11,829 shares during the last quarter. Schroder Investment Management Group grew its holdings in Oxford Industries by 1.6% during the 2nd quarter. Schroder Investment Management Group now owns 416,249 shares of the textile maker’s stock valued at $34,665,000 after purchasing an additional 6,688 shares during the last quarter. FMR LLC grew its holdings in Oxford Industries by 15.4% during the 2nd quarter. FMR LLC now owns 332,536 shares of the textile maker’s stock valued at $27,594,000 after purchasing an additional 44,462 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Oxford Industries by 6.4% during the 2nd quarter. Northern Trust Corp now owns 234,196 shares of the textile maker’s stock valued at $19,435,000 after purchasing an additional 14,140 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Several brokerages recently commented on OXM. Citigroup upped their price target on shares of Oxford Industries from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, September 17th. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks upped their price target on shares of Oxford Industries to $97.00 and gave the company a “buy” rating in a report on Thursday, September 13th. KeyCorp upped their price target on shares of Oxford Industries from $100.00 to $104.00 and gave the company an “overweight” rating in a report on Thursday, September 13th. Finally, Telsey Advisory Group upped their price target on shares of Oxford Industries from $88.00 to $93.00 and gave the company a “market perform” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $96.88.

Oxford Industries stock opened at $91.95 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.00 and a beta of 0.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 0.96. Oxford Industries Inc has a 1 year low of $60.42 and a 1 year high of $97.19.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. The company had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $306.12 million. Oxford Industries had a net margin of 6.61% and a return on equity of 16.20%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. As a group, research analysts expect that Oxford Industries Inc will post 4.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 19th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $1.36 annualized dividend and a yield of 1.48%. Oxford Industries’s dividend payout ratio (DPR) is 37.16%.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

Read More: Google Finance Portfolio Tips and Tricks

Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries Inc (NYSE:OXM).

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

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply