Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,964 shares of the textile maker’s stock after purchasing an additional 970 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Oxford Industries worth $775,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Capstone Investment Advisors LLC increased its position in shares of Oxford Industries by 161.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock valued at $1,704,000 after purchasing an additional 9,363 shares during the period. Boston Partners acquired a new position in shares of Oxford Industries during the 1st quarter valued at $990,000. Vanguard Group Inc. increased its position in shares of Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after purchasing an additional 4,869 shares during the period. Maverick Capital Ltd. increased its position in shares of Oxford Industries by 673.5% during the 2nd quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock valued at $6,274,000 after purchasing an additional 54,544 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Oxford Industries during the 1st quarter valued at $2,056,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXM has been the topic of several research analyst reports. Citigroup lowered 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. Telsey Advisory Group decreased their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Finally, UBS Group decreased 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Oxford Industries currently has a consensus rating of “Hold” and an average target price of $83.00.

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction 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 completion of the sale, the executive vice president now owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is currently owned by insiders.

Oxford Industries Stock Up 0.4 %

Shares of Oxford Industries stock opened at $72.89 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 40.05 and a beta of 1.53. The business has a fifty day simple moving average of $81.17 and a 200-day simple moving average of $94.40. Oxford Industries, Inc. has a 12 month low of $72.44 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The business had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.45 EPS. Analysts expect that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.68%. Oxford Industries’s dividend payout ratio (DPR) is presently 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.