Ritholtz Wealth Management Sells 1,858 Shares of Oxford Industries, Inc. (NYSE:OXM)

Ritholtz Wealth Management reduced its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 42.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,568 shares of the textile maker’s stock after selling 1,858 shares during the quarter. Ritholtz Wealth Management’s holdings in Oxford Industries were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in OXM. Capstone Investment Advisors LLC grew its position in shares of Oxford Industries by 161.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock worth $1,704,000 after buying an additional 9,363 shares during the period. Boston Partners acquired a new stake in Oxford Industries during the 1st quarter worth $990,000. Vanguard Group Inc. raised its position in shares of Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares during the last quarter. Maverick Capital Ltd. lifted its stake in shares of Oxford Industries by 673.5% in the 2nd quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock valued at $6,274,000 after purchasing an additional 54,544 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Oxford Industries in the 1st quarter valued at $2,056,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

OXM has been the subject of a number of recent analyst reports. Telsey Advisory Group dropped their price objective 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 decreased their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Citigroup cut their price target on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.40.

Oxford Industries Price Performance

NYSE OXM opened at $79.66 on Friday. Oxford Industries, Inc. has a one year low of $73.44 and a one year high of $113.88. The firm has a market cap of $1.25 billion, a P/E ratio of 32.25 and a beta of 1.53. The stock’s 50-day moving average is $84.03 and its 200-day moving average is $96.75.

Oxford Industries (NYSE:OXM) last announced its earnings results 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 company had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $3.45 earnings per share. Equities analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

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.