Deerfield Management Company L.P. Series C Purchases New Shares in Oxford Industries, Inc. (NYSE:OXM)

Deerfield Management Company L.P. Series C acquired a new stake in Oxford Industries, Inc. (NYSE:OXM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,931 shares of the textile maker’s stock, valued at approximately $995,000. Deerfield Management Company L.P. Series C owned approximately 0.06% of Oxford Industries at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OXM. Louisiana State Employees Retirement System raised its stake in Oxford Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker’s stock worth $741,000 after purchasing an additional 100 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Oxford Industries by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker’s stock valued at $726,000 after buying an additional 141 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Oxford Industries by 4.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock valued at $336,000 after buying an additional 150 shares during the period. Texas Permanent School Fund Corp grew its position in Oxford Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 12,854 shares of the textile maker’s stock worth $1,445,000 after buying an additional 170 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Oxford Industries by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 3,012 shares of the textile maker’s stock worth $339,000 after acquiring an additional 207 shares during the period. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Trading Down 3.1 %

OXM opened at $84.67 on Thursday. The company has a market cap of $1.33 billion, a P/E ratio of 34.28 and a beta of 1.53. The company’s 50 day moving average is $90.49 and its 200-day moving average is $99.95. Oxford Industries, Inc. has a 1-year low of $74.95 and a 1-year high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). The company had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. During the same quarter in the prior year, the business earned $3.45 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast 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. Stockholders of record on Friday, October 18th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, October 18th. Oxford Industries’s payout ratio is 108.50%.

Analyst Ratings Changes

Several analysts have recently issued reports on OXM shares. UBS Group reduced their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Citigroup cut their price target 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. Finally, Telsey Advisory Group reduced 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 report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.40.

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.