Advisors Asset Management Inc. Increases Position in Oxford Industries, Inc. (NYSE:OXM)

Advisors Asset Management Inc. lifted its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 223.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,568 shares of the textile maker’s stock after purchasing an additional 1,083 shares during the period. Advisors Asset Management Inc.’s holdings in Oxford Industries were worth $136,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OXM. 1620 Investment Advisors Inc. purchased a new position in shares of Oxford Industries in the second quarter valued at about $28,000. Quarry LP raised its stake in Oxford Industries by 4,650.0% during 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 period. Verity Asset Management Inc. purchased a new position in Oxford Industries in the 3rd quarter worth approximately $233,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Oxford Industries by 36.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock worth $295,000 after purchasing an additional 785 shares during the period. Finally, Meritage Portfolio Management grew its holdings in Oxford Industries by 9.0% during the 3rd quarter. Meritage Portfolio Management now owns 3,718 shares of the textile maker’s stock valued at $323,000 after buying an additional 308 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Insider Transactions at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Telsey Advisory Group lowered their target price on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Citigroup dropped their price objective 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, 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.

Oxford Industries Stock Performance

Shares of OXM opened at $83.17 on Friday. Oxford Industries, Inc. has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The company’s fifty day moving average is $78.45 and its 200 day moving average is $90.57. The stock has a market capitalization of $1.31 billion, a PE ratio of 45.70 and a beta of 1.55.

Oxford Industries (NYSE:OXM) last posted 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 business had revenue of $419.89 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $3.45 earnings per share. As a group, research analysts forecast that Oxford Industries, Inc. will post 7.16 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, October 18th. Oxford Industries’s payout ratio is 147.25%.

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.