RBO & Co. LLC increased its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 49.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,076 shares of the textile maker’s stock after acquiring an additional 96,787 shares during the period. Oxford Industries comprises about 1.9% of RBO & Co. LLC’s portfolio, making the stock its 28th largest position. RBO & Co. LLC’s holdings in Oxford Industries were worth $11,922,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its holdings in Oxford Industries by 245.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after purchasing an additional 477 shares in the last quarter. CWM LLC lifted its holdings in shares of Oxford Industries by 61.5% in the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Oxford Industries by 44.8% in the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 466 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Oxford Industries by 127.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker’s stock worth $73,000 after buying an additional 1,014 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Oxford Industries during the third quarter worth about $125,000. 91.16% of the stock is owned by institutional investors and hedge funds.
Oxford Industries Trading Up 0.3%
NYSE OXM opened at $38.81 on Wednesday. Oxford Industries, Inc. has a 12 month low of $30.57 and a 12 month high of $64.55. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $38.08 and a 200-day moving average of $39.15. The company has a market cap of $577.49 million, a PE ratio of -117.60 and a beta of 1.05.
Oxford Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, January 16th. Oxford Industries’s dividend payout ratio (DPR) is -836.36%.
Insider Buying and Selling
In other Oxford Industries news, CEO Thomas Caldecot Chubb III purchased 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $35.12 per share, with a total value of $175,600.00. Following the completion of the transaction, the chief executive officer directly owned 22,709 shares in the company, valued at $797,540.08. This represents a 28.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.00% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research note on Thursday, December 11th. Wall Street Zen downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. UBS Group boosted their price objective on shares of Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. Finally, Truist Financial set a $38.00 price target on shares of Oxford Industries in a research report on Wednesday, January 14th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Oxford Industries presently has a consensus rating of “Reduce” and a consensus target price of $45.40.
View Our Latest Analysis on OXM
Oxford Industries Company 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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