Teachers Retirement System of The State of Kentucky Raises Position in Oxford Industries, Inc. (NYSE:OXM)
Teachers Retirement System of The State of Kentucky boosted its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 201.1% during the first quarter, Holdings Channel reports. The institutional investor owned 18,970 shares of the textile maker’s stock after buying an additional 12,670 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Oxford Industries were worth $1,086,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Oxford Industries during the first quarter worth about $106,000. Envestnet Asset Management Inc. purchased a new stake in shares of Oxford Industries during the fourth quarter worth about $122,000. Mason Street Advisors LLC raised its stake in shares of Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of Oxford Industries during the first quarter worth about $228,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Oxford Industries during the first quarter worth about $263,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
Oxford Industries, Inc. (NYSE OXM) opened at 59.92 on Monday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. Oxford Industries, Inc. has a 52 week low of $49.50 and a 52 week high of $76.19. The firm’s 50-day moving average is $58.38 and its 200 day moving average is $56.97.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The company had revenue of $272.40 million during the quarter, compared to the consensus estimate of $273.40 million. During the same quarter in the prior year, the company posted $1.26 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Oxford Industries, Inc. will post $3.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, July 12th. Oxford Industries’s dividend payout ratio is currently 36.36%.
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A number of equities research analysts recently issued reports on OXM shares. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. BidaskClub raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. B. Riley reissued a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a report on Saturday, June 10th. Citigroup Inc. dropped their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a report on Friday, March 24th. Finally, Wunderlich dropped their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, March 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries has an average rating of “Buy” and an average target price of $71.75.
About Oxford Industries
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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