Teachers Retirement System of The State of Kentucky Increases Position in Oxford Industries, Inc. (OXM)
Teachers Retirement System of The State of Kentucky increased its stake in Oxford Industries, Inc. (NYSE:OXM) by 23.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,375 shares of the textile maker’s stock after acquiring an additional 4,405 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.14% of Oxford Industries worth $1,461,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after acquiring an additional 1,955,893 shares in the last quarter. Vanguard Group Inc. grew its position in Oxford Industries by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after acquiring an additional 14,729 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Oxford Industries by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 721,767 shares of the textile maker’s stock worth $41,329,000 after acquiring an additional 37,846 shares in the last quarter. Bank of New York Mellon Corp grew its position in Oxford Industries by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after acquiring an additional 31,195 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Oxford Industries in the first quarter worth $29,465,000. Institutional investors own 86.55% of the company’s stock.
Several analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research report on Saturday, June 10th. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. FBR & Co assumed coverage on shares of Oxford Industries in a research report on Tuesday, July 11th. They set an “outperform” rating and a $75.00 price target for the company. Finally, Needham & Company LLC assumed coverage on shares of Oxford Industries in a research report on Tuesday, July 18th. They set a “buy” rating and a $68.00 price target for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Oxford Industries has an average rating of “Buy” and an average target price of $66.88.
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Shares of Oxford Industries, Inc. (OXM) opened at 64.89 on Friday. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $76.19. The firm’s 50-day moving average is $60.96 and its 200 day moving average is $59.28. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 22.44 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The business had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. During the same period last year, the company posted $1.48 EPS. The business’s revenue was up .6% on a year-over-year basis. Equities analysts expect that Oxford Industries, Inc. will post $3.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.27 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. Oxford Industries’s payout ratio is currently 37.37%.
Oxford Industries 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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