RBO & Co. LLC Grows Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

RBO & Co. LLC lifted its position in Oxford Industries, Inc. (NYSE:OXM) by 45.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,045 shares of the textile maker’s stock after purchasing an additional 52,724 shares during the quarter. Oxford Industries accounts for about 2.2% of RBO & Co. LLC’s holdings, making the stock its 26th largest holding. RBO & Co. LLC owned approximately 1.07% of Oxford Industries worth $13,239,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OXM. Barclays PLC lifted its stake in shares of Oxford Industries by 74.0% in the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after acquiring an additional 20,620 shares during the last quarter. Franklin Resources Inc. raised its holdings in Oxford Industries by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker’s stock valued at $667,000 after buying an additional 527 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Oxford Industries by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,291 shares of the textile maker’s stock valued at $3,235,000 after buying an additional 8,500 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Oxford Industries by 14.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,853 shares of the textile maker’s stock worth $461,000 after acquiring an additional 721 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Oxford Industries by 27.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 27,146 shares of the textile maker’s stock valued at $2,139,000 after acquiring an additional 5,911 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oxford Industries

In other news, Director Milford W. Mcguirt bought 1,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares of the company’s stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXM has been the subject of a number of recent analyst reports. Telsey Advisory Group lowered their price target on Oxford Industries from $64.00 to $52.00 and set a “market perform” rating for the company in a research report on Wednesday, April 23rd. Citigroup cut their target price on shares of Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, April 7th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, UBS Group cut their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th.

Oxford Industries Price Performance

OXM opened at $49.17 on Wednesday. Oxford Industries, Inc. has a 1 year low of $42.12 and a 1 year high of $111.46. The stock has a 50-day moving average price of $56.42 and a 200-day moving average price of $71.42. The firm has a market cap of $730.93 million, a PE ratio of 55.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. Sell-side analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a $0.69 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.61%. Oxford Industries’s payout ratio is 47.02%.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.