Paloma Partners Management Co increased its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 119.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,324 shares of the textile maker’s stock after buying an additional 23,574 shares during the period. Paloma Partners Management Co owned 0.26% of Oxford Industries worth $2,481,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of OXM. Kernodle & Katon Asset Management Group LLC bought a new stake in Oxford Industries during the first quarter valued at $106,000. Envestnet Asset Management Inc. bought a new stake in Oxford Industries during the fourth quarter valued at $122,000. Mason Street Advisors LLC boosted its stake in Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock valued at $200,000 after buying an additional 229 shares during the period. Teza Capital Management LLC bought a new stake in Oxford Industries during the first quarter valued at $228,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Oxford Industries during the first quarter valued at $263,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.
Oxford Industries, Inc. (OXM) opened at 60.86 on Wednesday. The company’s 50 day moving average is $58.38 and its 200 day moving average is $56.97. 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 $1.02 billion, a price-to-earnings ratio of 20.50 and a beta of 0.40.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.08. The company had revenue of $272.40 million for the quarter, compared to the consensus estimate of $273.40 million. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. Oxford Industries’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Analysts forecast that Oxford Industries, Inc. will post $3.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, July 12th. Oxford Industries’s payout ratio is 36.36%.
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OXM has been the topic of several research reports. TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. B. Riley restated a “buy” rating and set a $66.00 price objective on shares of Oxford Industries in a research report on Saturday, June 10th. Citigroup Inc lowered their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Finally, Wunderlich lowered their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $71.75.
About Oxford Industries
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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