GSA Capital Partners LLP trimmed its holdings in Oxford Industries, Inc. (NYSE:OXM) by 36.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,412 shares of the textile maker’s stock after selling 5,488 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Oxford Industries worth $588,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXM. Morgan Stanley grew its position in Oxford Industries by 412.2% in the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock worth $14,401,000 after acquiring an additional 202,405 shares in the last quarter. Bank of America Corp DE lifted its stake in Oxford Industries by 14.8% in the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after purchasing an additional 19,675 shares during the last quarter. Alps Advisors Inc. lifted its stake in Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after purchasing an additional 23 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after acquiring an additional 31,195 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Oxford Industries during the first quarter valued at about $290,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.
Shares of Oxford Industries, Inc. (NYSE OXM) opened at 63.77 on Wednesday. Oxford Industries, Inc. has a 12-month low of $49.50 and a 12-month high of $76.19. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 22.05 and a beta of 0.37. The stock has a 50 day moving average of $61.95 and a 200 day moving average of $59.69.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. The business had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. Analysts forecast that Oxford Industries, Inc. will post $3.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s payout ratio is 37.37%.
A number of equities research analysts have weighed in on OXM shares. Needham & Company LLC set a $62.00 price objective on shares of Oxford Industries and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. FBR & Co reaffirmed a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. Finally, DA Davidson cut shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.88.
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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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