Prudential Financial Inc. Grows Stake in Oxford Industries, Inc. (OXM)
Prudential Financial Inc. increased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 133.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,781 shares of the textile maker’s stock after purchasing an additional 50,770 shares during the period. Prudential Financial Inc. owned about 0.53% of Oxford Industries worth $5,641,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after acquiring an additional 1,955,893 shares during the period. SG Capital Management LLC bought a new stake in Oxford Industries in the second quarter valued at $9,863,000. Schroder Investment Management Group grew its position in Oxford Industries by 47.4% in the second quarter. Schroder Investment Management Group now owns 339,936 shares of the textile maker’s stock valued at $21,263,000 after acquiring an additional 109,353 shares during the period. Westwood Holdings Group Inc. grew its position in Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock valued at $19,873,000 after acquiring an additional 80,913 shares during the period. Finally, Vanguard Group Inc. grew its position in Oxford Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,315,860 shares of the textile maker’s stock valued at $75,346,000 after acquiring an additional 58,319 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.
Shares of Oxford Industries, Inc. (OXM) traded down $0.38 during mid-day trading on Monday, hitting $65.11. The stock had a trading volume of 34,900 shares, compared to its average volume of 161,348. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1,095.61, a PE ratio of 20.87, a PEG ratio of 1.80 and a beta of 0.37. Oxford Industries, Inc. has a 12 month low of $49.50 and a 12 month high of $76.19.
Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. equities research analysts forecast that Oxford Industries, Inc. will post 3.62 earnings per share for the current year.
OXM has been the topic of a number of analyst reports. Zacks Investment Research cut Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $66.00 price target on shares of Oxford Industries in a research report on Tuesday, October 24th. FBR & Co set a $75.00 price target on Oxford Industries and gave the company a “buy” rating in a research report on Monday, August 28th. B. Riley reiterated a “buy” rating on shares of Oxford Industries in a research report on Wednesday, November 1st. Finally, DA Davidson cut Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $67.90.
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Oxford Industries 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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