Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC grew its position in Oxford Industries, Inc. (NYSE:OXM) by 2.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 144,935 shares of the textile maker’s stock after acquiring an additional 3,502 shares during the quarter. Clearbridge Investments LLC’s holdings in Oxford Industries were worth $16,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OXM. Norges Bank acquired a new position in shares of Oxford Industries in the 4th quarter valued at about $9,682,000. William Blair Investment Management LLC lifted its stake in shares of Oxford Industries by 18.2% in the 1st quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker’s stock valued at $41,719,000 after purchasing an additional 57,117 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Oxford Industries by 34.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 169,619 shares of the textile maker’s stock valued at $16,962,000 after purchasing an additional 43,855 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Oxford Industries by 19.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 188,933 shares of the textile maker’s stock valued at $18,893,000 after purchasing an additional 30,130 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Oxford Industries by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after purchasing an additional 29,493 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Oxford Industries Stock Down 1.6 %

OXM stock traded down $1.63 during midday trading on Wednesday, hitting $99.03. 274,472 shares of the company’s stock were exchanged, compared to its average volume of 237,377. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. Oxford Industries, Inc. has a 12-month low of $82.33 and a 12-month high of $113.88. The firm has a 50 day moving average price of $102.46 and a 200-day moving average price of $102.78. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 40.75 and a beta of 1.54.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $404.81 million. During the same quarter in the prior year, the firm earned $3.78 earnings per share. Oxford Industries’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts anticipate that Oxford Industries, Inc. will post 8.8 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, July 19th. This represents a $2.68 annualized dividend and a yield of 2.71%. Oxford Industries’s dividend payout ratio is presently 108.50%.

Insiders Place Their Bets

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of Oxford Industries stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares in the company, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by company insiders.

About Oxford Industries

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.