Truist Financial Corp Sells 2,434 Shares of Oxford Industries, Inc. (NYSE:OXM)

Truist Financial Corp decreased its stake in Oxford Industries, Inc. (NYSE:OXM) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 144,787 shares of the textile maker’s stock after selling 2,434 shares during the quarter. Truist Financial Corp’s holdings in Oxford Industries were worth $14,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in Oxford Industries during the second quarter valued at approximately $54,882,000. Millennium Management LLC boosted its stake in shares of Oxford Industries by 254.1% in the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock valued at $26,681,000 after purchasing an additional 191,185 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Oxford Industries during the 2nd quarter valued at $10,040,000. Victory Capital Management Inc. raised its position in Oxford Industries by 21.7% in the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after purchasing an additional 88,345 shares during the period. Finally, American Century Companies Inc. lifted its stake in Oxford Industries by 25.1% in the second quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker’s stock worth $36,248,000 after purchasing an additional 72,605 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries 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 approximately $2,727,007.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reduced their price objective on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Citigroup reduced their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. Finally, UBS Group decreased their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Oxford Industries currently has a consensus rating of “Hold” and an average target price of $90.40.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $76.72 on Friday. The stock’s 50-day moving average is $88.55 and its 200 day moving average is $99.07. The company has a market cap of $1.20 billion, a PE ratio of 31.06 and a beta of 1.53. Oxford Industries, Inc. has a 1 year low of $74.95 and a 1 year high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The business had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. During the same period last year, the firm posted $3.45 earnings per share. Oxford Industries’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Oxford Industries, Inc. will post 7.15 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently announced 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 3.49%. The ex-dividend date is Friday, October 18th. Oxford Industries’s payout ratio is 108.50%.

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.