Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its holdings in Oxford Industries, Inc. (NYSE:OXM) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,785 shares of the textile maker’s stock after selling 1,589 shares during the quarter. Clearbridge Investments LLC owned 1.07% of Oxford Industries worth $13,218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OXM. Barclays PLC lifted its position in shares of Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after buying an additional 20,620 shares in the last quarter. Jane Street Group LLC lifted its holdings in Oxford Industries by 73.7% during the third quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock valued at $3,194,000 after purchasing an additional 15,617 shares in the last quarter. Cerity Partners LLC grew its position in shares of Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after purchasing an additional 2,167 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Oxford Industries during the third quarter worth about $2,742,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries during the 4th quarter worth about $16,489,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

OXM has been the subject of several research reports. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. UBS Group decreased their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Finally, Telsey Advisory Group dropped their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, March 24th.

Insider Activity

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares in the company, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $60.87 on Thursday. The business’s 50 day moving average price is $68.21 and its 200 day moving average price is $76.16. The company has a market cap of $955.72 million, a price-to-earnings ratio of 68.39 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries, Inc. has a one year low of $53.23 and a one year high of $111.46.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same quarter in the previous year, the firm earned $1.90 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.69 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.53%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is currently 47.02%.

Oxford Industries 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; and 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.