Algert Global LLC Takes Position in Oxford Industries, Inc. (NYSE:OXM)
Algert Global LLC purchased a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,489 shares of the textile maker’s stock, valued at approximately $281,000.
A number of other hedge funds also recently added to or reduced their stakes in OXM. Commerce Bank boosted its stake in Oxford Industries by 9.2% in the first quarter. Commerce Bank now owns 5,910 shares of the textile maker’s stock valued at $338,000 after buying an additional 500 shares during the period. Morgan Stanley boosted its stake in Oxford Industries by 412.2% in the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock valued at $14,401,000 after buying an additional 202,405 shares during the period. Bank of America Corp DE boosted its stake in Oxford Industries by 14.8% in the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock valued at $8,760,000 after buying an additional 19,675 shares during the period. Trexquant Investment LP bought a new stake in Oxford Industries during the first quarter valued at $1,790,000. Finally, Airain ltd bought a new stake in Oxford Industries during the first quarter valued at $670,000. Institutional investors and hedge funds own 89.20% of the company’s stock.
Oxford Industries, Inc. (NYSE OXM) opened at 61.44 on Friday. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a 50 day moving average price of $61.85 and a 200 day moving average price of $57.64. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 20.69 and a beta of 0.40.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. The business had revenue of $272.40 million for the quarter, compared to the consensus estimate of $273.40 million. During the same quarter in the prior year, the company earned $1.26 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Oxford Industries, Inc. will post $3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, July 12th. Oxford Industries’s payout ratio is currently 36.36%.
Several analysts recently weighed in on OXM shares. Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Needham & Company LLC started coverage on shares of Oxford Industries in a report on Tuesday, July 18th. They issued a “buy” rating and a $68.00 price target on the stock. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. FBR & Co started coverage on shares of Oxford Industries in a report on Tuesday, July 11th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Telsey Advisory Group lifted their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Oxford Industries has an average rating of “Buy” and an average price target of $71.33.
Oxford Industries Company Profile
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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