Wedge Capital Management L L P NC Trims Stake in Oxford Industries Inc (NYSE:OXM)
Wedge Capital Management L L P NC lowered its stake in shares of Oxford Industries Inc (NYSE:OXM) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,957 shares of the textile maker’s stock after selling 4,870 shares during the quarter. Wedge Capital Management L L P NC owned about 0.93% of Oxford Industries worth $11,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased its position in shares of Oxford Industries by 16.9% during the first quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock valued at $42,589,000 after buying an additional 81,732 shares during the period. Victory Capital Management Inc. boosted its stake in Oxford Industries by 49.2% during the first quarter. Victory Capital Management Inc. now owns 497,098 shares of the textile maker’s stock worth $37,412,000 after acquiring an additional 163,992 shares in the last quarter. Norges Bank bought a new stake in Oxford Industries during the fourth quarter worth about $23,037,000. FMR LLC boosted its stake in Oxford Industries by 5.4% during the first quarter. FMR LLC now owns 279,372 shares of the textile maker’s stock worth $21,025,000 after acquiring an additional 14,361 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Oxford Industries by 80.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 94,000 shares of the textile maker’s stock worth $7,074,000 after acquiring an additional 42,000 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.
Several equities research analysts recently commented on the stock. Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday, June 10th. ValuEngine raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Oxford Industries currently has a consensus rating of “Buy” and a consensus price target of $86.00.
Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.09. The firm had revenue of $282.00 million for the quarter, compared to the consensus estimate of $276.75 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Sell-side analysts expect that Oxford Industries Inc will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were paid a $0.37 dividend. The ex-dividend date was Thursday, July 18th. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. Oxford Industries’s dividend payout ratio is presently 34.26%.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
Further Reading: What is a death cross?
Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries Inc (NYSE:OXM).
Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.