Great Lakes Advisors LLC grew its position in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,727 shares of the textile maker’s stock after purchasing an additional 500 shares during the quarter. Great Lakes Advisors LLC owned about 0.31% of Oxford Industries worth $4,796,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its holdings in Oxford Industries by 2.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 3,702 shares of the textile maker’s stock valued at $391,000 after buying an additional 105 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Oxford Industries by 2.6% in the first quarter. Arizona State Retirement System now owns 4,381 shares of the textile maker’s stock valued at $463,000 after acquiring an additional 110 shares in the last quarter. Cerity Partners LLC bought a new position in Oxford Industries during the first quarter worth about $757,000. Captrust Financial Advisors raised its stake in Oxford Industries by 8.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock worth $197,000 after purchasing an additional 166 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in Oxford Industries by 5.5% in the 1st quarter. First Republic Investment Management Inc. now owns 3,205 shares of the textile maker’s stock valued at $338,000 after purchasing an additional 166 shares during the period. Institutional investors own 87.89% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Citigroup lowered their target price on shares of Oxford Industries from $101.00 to $98.00 in a report on Friday, September 1st. UBS Group dropped their price objective on Oxford Industries from $110.00 to $108.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd. Telsey Advisory Group reduced their target price on Oxford Industries from $115.00 to $107.00 and set a “market perform” rating on the stock in a report on Friday, September 1st. StockNews.com downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, B. Riley reiterated a “neutral” rating and set a $90.00 price objective on shares of Oxford Industries in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.50.
Oxford Industries Stock Up 0.8 %
OXM stock opened at $95.27 on Tuesday. The firm has a 50-day moving average price of $91.59 and a 200-day moving average price of $98.80. Oxford Industries, Inc. has a 12 month low of $82.33 and a 12 month high of $123.37. The company has a current ratio of 1.21, a quick ratio of 0.52 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.49 billion, a P/E ratio of 9.45 and a beta of 1.57.
Oxford Industries (NYSE:OXM – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The textile maker reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.01). The company had revenue of $420.32 million for the quarter, compared to analyst estimates of $424.27 million. Oxford Industries had a return on equity of 30.33% and a net margin of 10.53%. Oxford Industries’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 earnings per share. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 10.38 EPS for the current fiscal year.
Oxford Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, October 12th. This represents a $2.60 dividend on an annualized basis and a yield of 2.73%. Oxford Industries’s dividend payout ratio is currently 25.79%.
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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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