Principal Financial Group Inc. Lowers Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Principal Financial Group Inc. reduced its position in Oxford Industries, Inc. (NYSE:OXM) by 13.0% in the third quarter, Holdings Channel.com reports. The firm owned 69,713 shares of the textile maker’s stock after selling 10,413 shares during the quarter. Principal Financial Group Inc.’s holdings in Oxford Industries were worth $6,048,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in Oxford Industries in the second quarter valued at approximately $54,882,000. FMR LLC raised its holdings in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares during the last quarter. Millennium Management LLC boosted its position in Oxford Industries by 254.1% during the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock valued at $26,681,000 after buying an additional 191,185 shares during the period. Victory Capital Management Inc. grew its holdings in Oxford Industries by 31.6% in 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 last quarter. Finally, Wellington Management Group LLP increased its position in shares of Oxford Industries by 22.7% in the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after acquiring an additional 102,525 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. Finally, Citigroup dropped their price target 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.

Oxford Industries Stock Performance

Shares of OXM opened at $78.78 on Thursday. The company has a 50-day simple moving average of $78.88 and a two-hundred day simple moving average of $86.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.65. The firm has a market capitalization of $1.24 billion, a PE ratio of 88.52 and a beta of 1.56. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. On average, analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.40%. Oxford Industries’s dividend payout ratio (DPR) is currently 301.12%.

Oxford Industries Company 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.