Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,359 shares of the textile maker’s stock after purchasing an additional 150 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Oxford Industries were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new position in Oxford Industries during the second quarter worth approximately $28,000. Natixis acquired a new position in Oxford Industries during the first quarter worth approximately $109,000. SG Americas Securities LLC acquired a new position in Oxford Industries during the first quarter worth approximately $137,000. Central Pacific Bank Trust Division acquired a new position in Oxford Industries during the first quarter worth approximately $140,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Oxford Industries in the first quarter worth $209,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Trading Up 0.5 %

OXM opened at $86.44 on Monday. The company has a fifty day simple moving average of $89.95 and a 200 day simple moving average of $99.63. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 35.00 and a beta of 1.53. Oxford Industries, Inc. has a twelve month low of $74.95 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. During the same period in the previous year, the business posted $3.45 earnings per share. Oxford Industries’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Oxford Industries, Inc. will post 7.15 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.10%. Oxford Industries’s dividend payout ratio (DPR) is 108.50%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares in the company, valued at approximately $2,727,007.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

OXM has been the subject of several recent research reports. Citigroup dropped their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. UBS Group dropped their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Oxford Industries presently has a consensus rating of “Hold” and a consensus price target of $90.40.

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; 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.