RBO & Co. LLC boosted its position in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 49.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 294,076 shares of the textile maker’s stock after buying an additional 96,787 shares during the quarter. Oxford Industries makes up approximately 1.9% of RBO & Co. LLC’s holdings, making the stock its 28th largest holding. RBO & Co. LLC owned about 1.98% of Oxford Industries worth $11,922,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in shares of Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 477 shares during the period. CWM LLC increased its position in Oxford Industries by 61.5% in the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after purchasing an additional 305 shares during the period. BNP Paribas Financial Markets raised its holdings in Oxford Industries by 44.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock worth $61,000 after purchasing an additional 466 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Oxford Industries by 127.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 1,014 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Oxford Industries during the 3rd quarter valued at about $125,000. 91.16% of the stock is owned by institutional investors and hedge funds.
Oxford Industries Trading Up 0.3%
OXM opened at $38.81 on Wednesday. The firm’s fifty day moving average is $38.08 and its two-hundred day moving average is $39.15. The firm has a market cap of $577.49 million, a PE ratio of -117.60 and a beta of 1.05. Oxford Industries, Inc. has a twelve month low of $30.57 and a twelve month high of $64.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.33.
Oxford Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.1%. Oxford Industries’s dividend payout ratio (DPR) is currently -836.36%.
Insider Buying and Selling at Oxford Industries
In other Oxford Industries news, CEO Thomas Caldecot Chubb III acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of $35.12 per share, for a total transaction of $175,600.00. Following the transaction, the chief executive officer owned 22,709 shares of the company’s stock, valued at $797,540.08. This trade represents a 28.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. UBS Group raised their price objective on shares of Oxford Industries from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Telsey Advisory Group upped their target price on shares of Oxford Industries from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. Citigroup cut their price target on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, December 12th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $45.40.
View Our Latest Stock Analysis on Oxford Industries
Oxford Industries Profile
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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