BTC Capital Management Inc. Makes New Investment in Oxford Industries, Inc. (NYSE:OXM)

BTC Capital Management Inc. bought a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) in the first quarter, Holdings Channel reports. The fund bought 3,124 shares of the textile maker’s stock, valued at approximately $351,000.

Several other large investors also recently modified their holdings of OXM. SummerHaven Investment Management LLC lifted its position in shares of Oxford Industries by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock worth $702,000 after acquiring an additional 109 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Oxford Industries by 0.6% during the third quarter. Swiss National Bank now owns 34,600 shares of the textile maker’s stock worth $3,326,000 after purchasing an additional 200 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Oxford Industries by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the textile maker’s stock worth $383,000 after buying an additional 207 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Oxford Industries by 12.0% in the fourth quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock valued at $295,000 after acquiring an additional 315 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Oxford Industries in a research note on Thursday, June 13th. Citigroup reduced their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research report on Thursday, June 13th. Finally, UBS Group decreased their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.20.

Oxford Industries Stock Up 0.1 %

Shares of OXM opened at $100.47 on Friday. The business’s 50 day simple moving average is $105.54 and its 200-day simple moving average is $102.66. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 40.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. During the same quarter last year, the firm earned $3.78 EPS. The company’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts expect that Oxford Industries, Inc. will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, July 19th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

Insiders Place Their Bets

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas B. Wood sold 33,587 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the completion of the sale, the chief executive officer now owns 12,394 shares in the company, valued at approximately $1,300,750.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas E. Campbell sold 17,540 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

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.