Wedge Capital Management L L P NC Grows Position in Oxford Industries Inc (OXM)
Wedge Capital Management L L P NC lifted its stake in Oxford Industries Inc (NYSE:OXM) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,203 shares of the textile maker’s stock after buying an additional 6,686 shares during the period. Wedge Capital Management L L P NC’s holdings in Oxford Industries were worth $18,963,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OXM. JPMorgan Chase & Co. lifted its stake in shares of Oxford Industries by 1,145.4% in the third quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock valued at $9,059,000 after buying an additional 132,355 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock valued at $19,873,000 after buying an additional 80,913 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Oxford Industries by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock valued at $48,340,000 after buying an additional 51,801 shares during the period. Prudential Financial Inc. lifted its stake in shares of Oxford Industries by 133.6% in the third quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock valued at $5,641,000 after buying an additional 50,770 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Oxford Industries by 444.4% in the fourth quarter. Acadian Asset Management LLC now owns 62,035 shares of the textile maker’s stock valued at $4,664,000 after buying an additional 50,639 shares during the period. Institutional investors and hedge funds own 89.44% of the company’s stock.
Several 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 $85.00 target price for the company in a research note on Friday, January 5th. SunTrust Banks increased their target price on shares of Oxford Industries to $90.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. B. Riley reiterated a “buy” rating and issued a $84.00 target price on shares of Oxford Industries in a research note on Tuesday, January 9th. DA Davidson upgraded shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, January 4th. Finally, Telsey Advisory Group increased their target price on shares of Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.80.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. equities analysts expect that Oxford Industries Inc will post 3.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, January 18th. Oxford Industries’s dividend payout ratio is 35.41%.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total transaction of $381,187.50. Following the transaction, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The disclosure for this sale can be found here. 3.29% of the stock is owned by company insiders.
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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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