Westwood Holdings Group Inc. lowered its position in shares of Oxford Industries Inc (NYSE:OXM) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518,725 shares of the textile maker’s stock after selling 47,160 shares during the quarter. Westwood Holdings Group Inc. owned 3.05% of Oxford Industries worth $39,319,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in Oxford Industries by 8.3% during the second quarter. Public Employees Retirement System of Ohio now owns 35,066 shares of the textile maker’s stock valued at $2,658,000 after buying an additional 2,700 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $1,627,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Oxford Industries by 102.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 190,500 shares of the textile maker’s stock valued at $14,440,000 after purchasing an additional 96,500 shares during the period. RK Capital Management LLC acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $5,147,000. Finally, Tuttle Tactical Management acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $1,575,000. 98.37% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on OXM shares. Telsey Advisory Group decreased their price target on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. B. Riley decreased their price target on Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Zacks Investment Research lowered Oxford Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup set a $86.00 price target on Oxford Industries and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, ValuEngine upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $81.43.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). The business had revenue of $302.00 million during the quarter, compared to analysts’ expectations of $306.98 million. Oxford Industries had a return on equity of 15.05% and a net margin of 6.27%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. Analysts expect that Oxford Industries Inc will post 4.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, October 17th. Oxford Industries’s dividend payout ratio is currently 34.26%.
In related news, EVP Scott Grassmyer sold 2,838 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $73.07, for a total value of $207,372.66. Following the completion of the sale, the executive vice president now directly owns 33,311 shares of the company’s stock, valued at approximately $2,434,034.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
About Oxford Industries
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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