Vanguard Group Inc. Sells 7,811 Shares of Oxford Industries, Inc. (NYSE:OXM)

Vanguard Group Inc. trimmed its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,762,674 shares of the textile maker’s stock after selling 7,811 shares during the period. Vanguard Group Inc. owned about 11.28% of Oxford Industries worth $176,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC purchased a new stake in Oxford Industries during the 4th quarter valued at about $36,000. Virtu Financial LLC bought a new position in shares of Oxford Industries in the fourth quarter worth approximately $206,000. Olympiad Research LP purchased a new position in shares of Oxford Industries in the fourth quarter worth $227,000. AXQ Capital LP bought a new stake in Oxford Industries during the 3rd quarter valued at $221,000. Finally, Precedent Wealth Partners LLC purchased a new stake in Oxford Industries during the 4th quarter valued at $236,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Activity at Oxford Industries

In other news, EVP Thomas E. Campbell sold 17,540 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total value of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the transaction, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas E. Campbell sold 17,540 shares of Oxford Industries stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on OXM. Citigroup lowered their price objective on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday, June 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Oxford Industries in a research report on Thursday, June 13th. Finally, UBS Group decreased their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.20.

Oxford Industries Price Performance

Shares of OXM stock opened at $99.01 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 40.09 and a beta of 1.55. The business’s fifty day moving average is $104.83 and its 200 day moving average is $102.84. Oxford Industries, Inc. has a twelve month low of $82.33 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The business had revenue of $398.18 million during the quarter, compared to analysts’ expectations of $404.81 million. During the same period in the prior year, the company earned $3.78 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts expect that Oxford Industries, Inc. will post 8.8 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a $0.67 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.68 annualized dividend and a dividend yield of 2.71%. Oxford Industries’s payout ratio is currently 108.50%.

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.