4,183 Shares in Oxford Industries, Inc. (OXM) Purchased by Marshall Wace North America L.P.
Marshall Wace North America L.P. purchased a new position in Oxford Industries, Inc. (NYSE:OXM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,183 shares of the textile maker’s stock, valued at approximately $259,000.
Several other institutional investors have also recently modified their holdings of OXM. BlackRock Inc. grew its position in shares of Oxford Industries by 97,941.6% during the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after purchasing an additional 1,955,893 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Oxford Industries during the first quarter valued at about $29,465,000. Schroder Investment Management Group purchased a new position in shares of Oxford Industries during the first quarter valued at about $13,408,000. Morgan Stanley grew its position in shares of Oxford Industries by 412.2% during the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock valued at $14,401,000 after purchasing an additional 202,405 shares in the last quarter. Finally, SG Capital Management LLC purchased a new position in shares of Oxford Industries during the second quarter valued at about $9,863,000. Hedge funds and other institutional investors own 86.56% of the company’s stock.
A number of brokerages have recently weighed in on OXM. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday. BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. FBR & Co reaffirmed a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a report on Tuesday. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Finally, Needham & Company LLC lowered their price target on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and an average price target of $68.22.
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Oxford Industries, Inc. (NYSE OXM) opened at 60.32 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 20.86 and a beta of 0.36. The company has a 50 day moving average of $60.79 and a 200-day moving average of $58.50. Oxford Industries, Inc. has a one year low of $49.50 and a one year high of $76.19.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. During the same quarter in the prior year, the company earned $1.48 EPS. Oxford Industries’s revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that Oxford Industries, Inc. will post $3.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.79%. Oxford Industries’s dividend payout ratio is presently 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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