State Street Corp Has $48.55 Million Stake in Oxford Industries, Inc. (NYSE:OXM)

State Street Corp grew its position in Oxford Industries, Inc. (NYSE:OXM) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 559,581 shares of the textile maker’s stock after purchasing an additional 7,336 shares during the quarter. State Street Corp’s holdings in Oxford Industries were worth $48,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OXM. 1620 Investment Advisors Inc. bought a new position in Oxford Industries in the second quarter valued at approximately $28,000. Quarry LP increased its stake in shares of Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after buying an additional 1,083 shares in the last quarter. Verity Asset Management Inc. bought a new stake in shares of Oxford Industries during the 3rd quarter worth $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Oxford Industries by 36.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after buying an additional 785 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OXM shares. Citigroup lowered their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. UBS Group reduced their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research note on Wednesday, December 4th.

Insider Transactions at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the 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 transaction, the executive vice president now directly owns 31,428 shares in the company, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Oxford Industries Price Performance

Shares of OXM opened at $81.48 on Friday. The business has a 50-day moving average of $78.61 and a 200-day moving average of $87.98. Oxford Industries, Inc. has a 1 year low of $72.24 and a 1 year high of $113.88. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 91.55 and a beta of 1.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.65.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. During the same quarter last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.29%. Oxford Industries’s payout ratio is currently 301.12%.

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.