Louisiana State Employees Retirement System Has $616,000 Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Louisiana State Employees Retirement System trimmed its position in Oxford Industries, Inc. (NYSE:OXM) by 4.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,100 shares of the textile maker’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Oxford Industries were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new position in Oxford Industries in the 2nd quarter valued at $28,000. Quarry LP grew its holdings in Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after buying an additional 465 shares in the last quarter. Natixis acquired a new position in Oxford Industries in the 1st quarter valued at $109,000. SG Americas Securities LLC acquired a new position in Oxford Industries in the 1st quarter valued at $137,000. Finally, Central Pacific Bank Trust Division acquired a new position in Oxford Industries in the 1st quarter valued at $140,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by corporate insiders.

Oxford Industries Stock Up 2.9 %

Shares of OXM stock opened at $75.21 on Wednesday. Oxford Industries, Inc. has a twelve month low of $72.24 and a twelve month high of $113.88. The company has a market cap of $1.18 billion, a P/E ratio of 41.32 and a beta of 1.55. The business has a fifty day simple moving average of $80.92 and a 200 day simple moving average of $94.07.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the prior year, the company earned $3.45 earnings per share. Oxford Industries’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.56%. Oxford Industries’s dividend payout ratio is currently 147.25%.

Wall Street Analysts Forecast Growth

OXM has been the subject of a number of recent analyst reports. Telsey Advisory Group cut their target price on 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. Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Finally, UBS Group cut their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.00.

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.