Chartwell Investment Partners LLC boosted its stake in shares of Oxford Industries Inc (NYSE:OXM) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 107,650 shares of the textile maker’s stock after purchasing an additional 4,039 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Oxford Industries were worth $4,738,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Oxford Industries during the 4th quarter valued at approximately $21,374,000. First Trust Advisors LP raised its position in Oxford Industries by 311.1% during the first quarter. First Trust Advisors LP now owns 70,977 shares of the textile maker’s stock worth $2,574,000 after acquiring an additional 53,712 shares during the period. State Street Corp raised its position in Oxford Industries by 7.8% during the first quarter. State Street Corp now owns 550,839 shares of the textile maker’s stock worth $19,973,000 after acquiring an additional 40,006 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Oxford Industries by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 875,446 shares of the textile maker’s stock valued at $31,744,000 after purchasing an additional 37,145 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Oxford Industries by 104.0% in the first quarter. JPMorgan Chase & Co. now owns 70,862 shares of the textile maker’s stock valued at $2,569,000 after purchasing an additional 36,124 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
OXM has been the topic of a number of research reports. ValuEngine raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, June 17th. Zacks Investment Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Needham & Company LLC boosted their price target on Oxford Industries from $50.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. B. Riley reissued a “buy” rating and issued a $62.00 price objective on shares of Oxford Industries in a research note on Thursday, June 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $54.00 target price on shares of Oxford Industries in a research note on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Oxford Industries has a consensus rating of “Buy” and an average target price of $60.00.
Shares of Oxford Industries stock opened at $42.94 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.77 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $43.51 and its 200-day simple moving average is $49.54. The stock has a market cap of $717.87 million, a P/E ratio of -34.08 and a beta of 1.25. Oxford Industries Inc has a 1-year low of $30.37 and a 1-year high of $80.55.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, June 10th. The textile maker reported ($1.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.85). The company had revenue of $160.34 million for the quarter, compared to analysts’ expectations of $182.43 million. Oxford Industries had a positive return on equity of 6.56% and a negative net margin of 1.99%. As a group, research analysts expect that Oxford Industries Inc will post -1.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. Oxford Industries’s payout ratio is 23.15%.
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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