525,098 Shares in Oxford Industries Inc. (OXM) Acquired by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. purchased a new position in Oxford Industries Inc. (NYSE:OXM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 525,098 shares of the company’s stock, valued at approximately $29,731,000. Deprince Race & Zollo Inc. owned approximately 3.13% of Oxford Industries at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its position in Oxford Industries by 13.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 402,989 shares of the company’s stock worth $27,093,000 after buying an additional 46,438 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Oxford Industries by 2.8% in the first quarter. Renaissance Technologies LLC now owns 315,500 shares of the company’s stock worth $21,211,000 after buying an additional 8,600 shares in the last quarter. Neumeier Poma Investment Counsel LLC raised its position in shares of Oxford Industries by 57.4% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 208,860 shares of the company’s stock worth $14,042,000 after buying an additional 76,200 shares in the last quarter. Norges Bank bought a new position in shares of Oxford Industries during the fourth quarter worth $11,128,000. Finally, Teachers Advisors Inc. raised its position in shares of Oxford Industries by 3.1% in the first quarter. Teachers Advisors Inc. now owns 162,831 shares of the company’s stock worth $10,947,000 after buying an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.
Shares of Oxford Industries Inc. (NYSE:OXM) traded up 0.63% during midday trading on Tuesday, hitting $67.22. 146,930 shares of the stock traded hands. Oxford Industries Inc. has a 12-month low of $52.54 and a 12-month high of $77.99. The company’s 50 day moving average price is $67.01 and its 200-day moving average price is $62.79. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.76 and a beta of 0.59.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.10. The firm earned $283 million during the quarter. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. Oxford Industries’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. On average, equities research analysts expect that Oxford Industries Inc. will post $3.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is 30.25%.
A number of equities analysts recently weighed in on OXM shares. B. Riley restated a “buy” rating and set a $81.00 target price on shares of Oxford Industries in a research report on Monday, June 6th. Stephens restated a “buy” rating on shares of Oxford Industries in a research report on Monday, June 6th. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $80.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, June 8th. Wunderlich upped their target price on shares of Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, SunTrust Banks Inc. dropped their target price on shares of Oxford Industries from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, June 8th. Nine analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $83.67.
In other news, insider James Wesley Howard, Jr. sold 2,500 shares of Oxford Industries stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.81, for a total transaction of $174,525.00. Following the completion of the transaction, the insider now directly owns 10,680 shares of the company’s stock, valued at approximately $745,570.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.18% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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