Wedge Capital Management L L P NC Sells 10,421 Shares of Oxford Industries, Inc. (OXM)
Wedge Capital Management L L P NC cut its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,517 shares of the textile maker’s stock after selling 10,421 shares during the period. Wedge Capital Management L L P NC owned approximately 1.46% of Oxford Industries worth $15,600,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of Oxford Industries by 3.4% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after acquiring an additional 1,900 shares in the last quarter. Morgan Stanley increased its position in shares of Oxford Industries by 412.2% during the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock worth $14,401,000 after acquiring an additional 202,405 shares in the last quarter. Bank of America Corp DE increased its position in shares of Oxford Industries by 14.8% during the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after acquiring an additional 19,675 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Oxford Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after acquiring an additional 23 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Oxford Industries by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after purchasing an additional 31,195 shares in the last quarter. 86.52% of the stock is owned by institutional investors.
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A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. FBR & Co reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a research report on Tuesday, September 12th. BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Needham & Company LLC set a $62.00 price objective on shares of Oxford Industries and gave the stock a “buy” rating in a research report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Oxford Industries currently has a consensus rating of “Buy” and a consensus price target of $66.78.
Oxford Industries, Inc. (OXM) opened at $63.01 on Tuesday. The firm has a market cap of $1,060.00, a P/E ratio of 20.10, a PEG ratio of 1.73 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.68. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $76.19.
Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. Oxford Industries’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. sell-side analysts anticipate that Oxford Industries, Inc. will post 3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.71%. Oxford Industries’s payout ratio is 35.88%.
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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