Bessemer Group Inc. lifted its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 109,500.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,920 shares of the textile maker’s stock after purchasing an additional 21,900 shares during the period. Bessemer Group Inc. owned 0.13% of Oxford Industries worth $1,393,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Oxford Industries by 97,941.6% during the 1st quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after purchasing an additional 1,955,893 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after purchasing an additional 14,729 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Oxford Industries by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock worth $48,340,000 after purchasing an additional 51,801 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Oxford Industries by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after purchasing an additional 31,195 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Oxford Industries by 2.9% during the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock worth $22,694,000 after purchasing an additional 10,184 shares during the last quarter. Institutional investors own 86.91% of the company’s stock.
Oxford Industries, Inc. (OXM) opened at $63.06 on Wednesday. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a market cap of $1,063.96, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.37. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same quarter in the prior year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts expect that Oxford Industries, Inc. will post 3.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is presently 37.37%.
Several research firms have recently weighed in on OXM. B. Riley restated a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. BidaskClub lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Needham & Company LLC set a $62.00 price objective on shares of Oxford Industries and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, FBR & Co reiterated a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a research note on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $66.78.
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Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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