Deprince Race & Zollo Inc. Has $1.90 Million Position in Oxford Industries, Inc. (OXM)
Deprince Race & Zollo Inc. decreased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 87.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 30,473 shares of the textile maker’s stock after selling 209,527 shares during the period. Deprince Race & Zollo Inc. owned 0.18% of Oxford Industries worth $1,904,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in Oxford Industries by 92.6% in the first quarter. Ameriprise Financial Inc. now owns 144,118 shares of the textile maker’s stock worth $8,251,000 after buying an additional 69,279 shares during the period. Commerce Bank boosted its stake in Oxford Industries by 9.2% in the first quarter. Commerce Bank now owns 5,910 shares of the textile maker’s stock worth $338,000 after buying an additional 500 shares during the period. Karp Capital Management Corp acquired a new stake in Oxford Industries during the first quarter worth approximately $309,000. Teza Capital Management LLC acquired a new stake in Oxford Industries during the first quarter worth approximately $228,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Oxford Industries during the first quarter worth approximately $263,000. Hedge funds and other institutional investors own 88.39% of the company’s stock.
Oxford Industries, Inc. (OXM) opened at 57.98 on Friday. The company has a 50-day moving average of $61.46 and a 200-day moving average of $57.83. Oxford Industries, Inc. has a 52 week low of $49.50 and a 52 week high of $76.19. The stock has a market capitalization of $974.64 million, a price-to-earnings ratio of 19.53 and a beta of 0.40.
Oxford Industries (NYSE:OXM) last issued its earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The company had revenue of $272.40 million for the quarter, compared to analyst estimates of $273.40 million. During the same period in the prior year, the business posted $1.26 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that Oxford Industries, Inc. will post $3.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.08 annualized dividend and a yield of 1.86%. Oxford Industries’s payout ratio is currently 36.36%.
A number of research firms have recently commented on OXM. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. BidaskClub upgraded Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. B. Riley restated a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a research report on Saturday, June 10th. Needham & Company LLC began coverage on Oxford Industries in a research report on Tuesday, July 18th. They set a “buy” rating and a $68.00 target price on the stock. Finally, FBR & Co began coverage on Oxford Industries in a research report on Tuesday, July 11th. They set an “outperform” rating and a $75.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company 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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