GW&K Investment Management LLC cut its stake in Oxford Industries Inc (NYSE:OXM) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,659 shares of the textile maker’s stock after selling 5,892 shares during the period. GW&K Investment Management LLC owned approximately 1.86% of Oxford Industries worth $24,003,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Mason Street Advisors LLC boosted its holdings in shares of Oxford Industries by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock valued at $410,000 after acquiring an additional 181 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Oxford Industries by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 26,403 shares of the textile maker’s stock valued at $2,001,000 after acquiring an additional 249 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of Oxford Industries by 6.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after acquiring an additional 256 shares in the last quarter. Comerica Bank lifted its position in shares of Oxford Industries by 0.7% in the 1st quarter. Comerica Bank now owns 56,159 shares of the textile maker’s stock valued at $4,409,000 after acquiring an additional 373 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Oxford Industries by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 11,511 shares of the textile maker’s stock valued at $866,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.
Several equities research analysts recently commented on OXM shares. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday, June 10th. Finally, ValuEngine upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.00.
Oxford Industries stock traded down $3.38 during trading hours on Friday, hitting $66.96. The company had a trading volume of 158,157 shares, compared to its average volume of 178,619. The firm has a market capitalization of $1.20 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 0.70. The firm’s fifty day moving average is $69.34 and its 200-day moving average is $75.01. Oxford Industries Inc has a fifty-two week low of $63.50 and a fifty-two week high of $94.48.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.09. The firm had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Analysts anticipate that Oxford Industries Inc will post 4.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.48 annualized dividend and a yield of 2.21%. Oxford Industries’s dividend payout ratio is presently 34.26%.
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.
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