Foster & Motley Inc. Reduces Position in Oxford Industries, Inc. (NYSE:OXM)

Foster & Motley Inc. decreased its holdings in Oxford Industries, Inc. (NYSE:OXM) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,776 shares of the textile maker’s stock after selling 635 shares during the quarter. Foster & Motley Inc. owned 0.06% of Oxford Industries worth $978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its position in Oxford Industries by 717.9% in the 3rd quarter. Wellington Management Group LLP now owns 373,847 shares of the textile maker’s stock worth $35,938,000 after purchasing an additional 328,140 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Oxford Industries in the third quarter worth $13,512,000. William Blair Investment Management LLC increased its position in Oxford Industries by 21.7% during the third quarter. William Blair Investment Management LLC now owns 319,815 shares of the textile maker’s stock valued at $30,744,000 after acquiring an additional 57,091 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Oxford Industries by 517.2% in the third quarter. Victory Capital Management Inc. now owns 67,128 shares of the textile maker’s stock valued at $6,453,000 after acquiring an additional 56,251 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Oxford Industries by 19.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 188,933 shares of the textile maker’s stock worth $18,893,000 after purchasing an additional 30,130 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Insider Buying and Selling

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the transaction, the chief executive officer now owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OXM. Citigroup cut shares of Oxford Industries from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $98.00 to $94.00 in a research note on Monday, April 1st. Telsey Advisory Group raised their price objective on Oxford Industries from $102.00 to $110.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Finally, UBS Group reduced their price target on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.60.

Oxford Industries Stock Up 3.8 %

NYSE OXM opened at $107.78 on Wednesday. Oxford Industries, Inc. has a 52 week low of $82.33 and a 52 week high of $113.88. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.21 and a beta of 1.60. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $104.74 and a two-hundred day moving average of $98.04.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The firm had revenue of $404.43 million for the quarter, compared to analysts’ expectations of $408.28 million. Oxford Industries’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 earnings per share. On average, analysts predict that Oxford Industries, Inc. will post 9.47 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.49%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. Oxford Industries’s dividend payout ratio is presently 72.63%.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.