US Bancorp DE Has $1.18 Million Position in Oxford Industries, Inc. (OXM)
US Bancorp DE lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,935 shares of the textile maker’s stock after selling 1,361 shares during the period. US Bancorp DE owned about 0.11% of Oxford Industries worth $1,183,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Oxford Industries during the fourth quarter valued at about $7,552,000. Louisiana State Employees Retirement System increased its stake in shares of Oxford Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock valued at $349,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors increased its stake in shares of Oxford Industries by 10.9% in the first quarter. Nationwide Fund Advisors now owns 67,742 shares of the textile maker’s stock valued at $3,879,000 after buying an additional 6,661 shares during the period. Wells Fargo & Company MN increased its stake in shares of Oxford Industries by 48.7% in the first quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock valued at $2,035,000 after buying an additional 11,637 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of Oxford Industries by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 20,705 shares of the textile maker’s stock valued at $1,185,000 after buying an additional 1,586 shares during the period. Institutional investors and hedge funds own 88.39% of the company’s stock.
Oxford Industries, Inc. (NYSE:OXM) opened at 57.98 on Friday. The company has a market capitalization of $974.64 million, a price-to-earnings ratio of 19.53 and a beta of 0.40. Oxford Industries, Inc. has a 52 week low of $49.50 and a 52 week high of $76.19. The firm has a 50-day moving average price of $61.46 and a 200-day moving average price of $57.83.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $273.40 million. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. Oxford Industries’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Analysts anticipate that Oxford Industries, Inc. will post $3.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. Oxford Industries’s payout ratio is 36.36%.
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OXM has been the subject of several recent research reports. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. B. Riley reissued a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a research report on Monday, June 5th. Telsey Advisory Group boosted their price objective on Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. BidaskClub raised Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, TheStreet raised Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $71.33.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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