Commerce Bank Sells 175 Shares of Oxford Industries, Inc. (NYSE:OXM)

Commerce Bank decreased its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,926 shares of the textile maker’s stock after selling 175 shares during the period. Commerce Bank’s holdings in Oxford Industries were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of OXM. Royce & Associates LP increased its position in Oxford Industries by 26.1% in the third quarter. Royce & Associates LP now owns 37,130 shares of the textile maker’s stock worth $3,221,000 after buying an additional 7,689 shares in the last quarter. Victory Capital Management Inc. raised its stake in Oxford Industries by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after acquiring an additional 156,634 shares during the period. Meritage Portfolio Management lifted its holdings in Oxford Industries by 9.0% during the third quarter. Meritage Portfolio Management now owns 3,718 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 308 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of Oxford Industries in the third quarter worth approximately $233,000. Finally, Ceredex Value Advisors LLC increased its stake in shares of Oxford Industries by 19.2% in the third quarter. Ceredex Value Advisors LLC now owns 119,450 shares of the textile maker’s stock worth $10,363,000 after purchasing an additional 19,200 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on OXM shares. Citigroup dropped their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. Telsey Advisory Group cut their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Finally, UBS Group lowered their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Oxford Industries Stock Down 1.5 %

OXM opened at $80.53 on Wednesday. The company has a market capitalization of $1.26 billion, a PE ratio of 44.25 and a beta of 1.55. The firm has a 50-day simple moving average of $78.70 and a two-hundred day simple moving average of $90.88. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results 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). 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 quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.45 EPS. As a group, sell-side analysts expect that Oxford Industries, Inc. will post 7.16 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.33%. Oxford Industries’s payout ratio is currently 147.25%.

Oxford Industries 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.