Oxford Industries, Inc. (NYSE:OXM) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 14.6% in the third quarter, HoldingsChannel reports. The firm owned 2,453 shares of the textile maker’s stock after selling 418 shares during the period. MML Investors Services LLC’s holdings in Oxford Industries were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of OXM. Quarry LP grew its holdings in Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after buying an additional 465 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after acquiring an additional 1,083 shares during the period. Verity Asset Management Inc. bought a new position in shares of Oxford Industries in the third quarter worth $233,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Oxford Industries by 36.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 785 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Oxford Industries during the third quarter valued at about $300,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Down 1.1 %

Shares of Oxford Industries stock opened at $78.89 on Friday. The stock has a 50-day moving average price of $78.86 and a 200 day moving average price of $87.08. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.24 billion, a P/E ratio of 88.64 and a beta of 1.56. Oxford Industries, Inc. has a 1 year low of $72.24 and a 1 year high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.67 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.40%. Oxford Industries’s payout ratio is presently 301.12%.

Analyst Upgrades and Downgrades

OXM has been the subject of several recent analyst reports. Citigroup decreased 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. UBS Group cut their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th.

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.