Earnest Partners LLC Decreases Holdings in Oxford Industries, Inc. (NYSE:OXM)

Earnest Partners LLC lowered its position in Oxford Industries, Inc. (NYSE:OXM) by 2.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 123,818 shares of the textile maker’s stock after selling 2,679 shares during the period. Earnest Partners LLC’s holdings in Oxford Industries were worth $12,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $54,882,000. Ceredex Value Advisors LLC bought a new stake in Oxford Industries in the second quarter worth $10,040,000. Norges Bank purchased a new stake in Oxford Industries during the fourth quarter valued at about $9,682,000. Victory Capital Management Inc. grew its stake in shares of Oxford Industries by 21.7% during the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock valued at $49,684,000 after buying an additional 88,345 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Oxford Industries by 25.1% in the second quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker’s stock worth $36,248,000 after buying an additional 72,605 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Trading Up 1.6 %

NYSE OXM opened at $86.02 on Friday. Oxford Industries, Inc. has a 12 month low of $74.95 and a 12 month high of $113.88. The stock’s fifty day moving average price is $90.19 and its 200-day moving average price is $99.85. The stock has a market cap of $1.35 billion, a P/E ratio of 34.83 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.45 earnings per share. As a group, analysts forecast that Oxford Industries, Inc. will post 7.15 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.12%. Oxford Industries’s payout ratio is currently 108.50%.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OXM. Telsey Advisory Group dropped their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a report on Thursday, September 12th. UBS Group dropped their price objective on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Citigroup cut their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.40.

About Oxford Industries

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.