15,652 Shares in Oxford Industries, Inc. (OXM) Acquired by Gotham Asset Management LLC
Gotham Asset Management LLC acquired a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,652 shares of the textile maker’s stock, valued at approximately $978,000. Gotham Asset Management LLC owned 0.09% of Oxford Industries at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its holdings 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 during the period. Bank of America Corp DE raised its holdings in shares of Oxford Industries by 14.8% in the 1st quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after acquiring an additional 19,675 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Oxford Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after acquiring an additional 23 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Oxford Industries by 5.4% in the 2nd 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 during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Oxford Industries in the 1st quarter worth about $290,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.
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A number of research firms recently weighed in on OXM. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Thursday, September 7th. DA Davidson lowered shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a report on Friday, September 8th. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a report on Monday. BidaskClub lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, FBR & Co restated a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $66.88.
Shares of Oxford Industries, Inc. (OXM) opened at 63.77 on Wednesday. Oxford Industries, Inc. has a 12-month low of $49.50 and a 12-month high of $76.19. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 22.05 and a beta of 0.37. The company has a 50 day moving average of $61.95 and a 200-day moving average of $59.69.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating 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 company 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. Oxford Industries’s revenue was up .6% on a year-over-year basis. Analysts predict that Oxford Industries, Inc. will post $3.59 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. Oxford Industries’s dividend payout ratio (DPR) is currently 37.37%.
About Oxford Industries
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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