SG Americas Securities LLC Sells 7,465 Shares of Oxford Industries, Inc. (OXM)
SG Americas Securities LLC trimmed its holdings in Oxford Industries, Inc. (NYSE:OXM) by 55.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,081 shares of the textile maker’s stock after selling 7,465 shares during the quarter. SG Americas Securities LLC’s holdings in Oxford Industries were worth $380,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in OXM. BlackRock Inc. increased its holdings in shares of Oxford Industries by 97,941.6% in the 1st quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after acquiring an additional 1,955,893 shares during the period. Wellington Management Group LLP acquired a new position in shares of Oxford Industries in the 1st quarter valued at $29,465,000. Schroder Investment Management Group acquired a new position in shares of Oxford Industries in the 1st quarter valued at $13,408,000. Morgan Stanley increased its holdings in shares of Oxford Industries by 412.2% in the 1st quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock valued at $14,401,000 after acquiring an additional 202,405 shares during the period. Finally, SG Capital Management LLC acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $9,863,000. 86.56% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on OXM. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. B. Riley reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a report on Monday, June 5th. Zacks Investment Research cut shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. FBR & Co reaffirmed a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a report on Tuesday. Finally, Telsey Advisory Group lifted their target price on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.56.
Oxford Industries, Inc. (NYSE OXM) opened at 60.75 on Thursday. The company has a 50-day moving average of $61.03 and a 200-day moving average of $58.46. 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 $1.02 billion, a price-to-earnings ratio of 21.01 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Equities research analysts expect that Oxford Industries, Inc. will post $3.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 12th. Oxford Industries’s dividend payout ratio is currently 37.37%.
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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