Envestnet Asset Management Inc. Grows Stake in Oxford Industries, Inc. (NYSE:OXM)

Envestnet Asset Management Inc. boosted its stake in Oxford Industries, Inc. (NYSE:OXM) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,867 shares of the textile maker’s stock after acquiring an additional 516 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Oxford Industries were worth $6,797,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in shares of Oxford Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker’s stock valued at $741,000 after buying an additional 100 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Oxford Industries by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker’s stock worth $726,000 after purchasing an additional 141 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Oxford Industries by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,854 shares of the textile maker’s stock valued at $1,445,000 after purchasing an additional 170 shares during the period. ProShare Advisors LLC raised its holdings in shares of Oxford Industries by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,012 shares of the textile maker’s stock valued at $339,000 after buying an additional 207 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Oxford Industries in the second quarter worth $28,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Trading Up 0.5 %

Shares of Oxford Industries stock opened at $86.44 on Monday. Oxford Industries, Inc. has a 1-year low of $74.95 and a 1-year high of $113.88. The firm’s 50-day moving average price is $89.95 and its two-hundred day moving average price is $99.63. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 35.00 and a beta of 1.53.

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

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 108.50%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup decreased their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Telsey Advisory Group dropped their price target on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Finally, UBS Group lowered their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Oxford Industries presently has a consensus rating of “Hold” and an average price target 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.