Northern Trust Corp raised its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,690 shares of the textile maker’s stock after acquiring an additional 10,587 shares during the quarter. Northern Trust Corp owned approximately 1.30% of Oxford Industries worth $13,666,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Pinebridge Investments L.P. increased its holdings in Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 30 shares in the last quarter. Stevens Capital Management LP purchased a new position in Oxford Industries during the 2nd quarter valued at about $408,000. TIAA CREF Investment Management LLC increased its holdings in Oxford Industries by 8.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,118 shares of the textile maker’s stock valued at $2,757,000 after acquiring an additional 3,593 shares in the last quarter. Teachers Advisors LLC increased its holdings in Oxford Industries by 12.8% during the 2nd quarter. Teachers Advisors LLC now owns 29,390 shares of the textile maker’s stock valued at $1,837,000 after acquiring an additional 3,346 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Oxford Industries by 47.4% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.67%. Oxford Industries’s payout ratio is presently 37.37%.
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Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks, Inc. restated a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a report on Tuesday, October 24th. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday, October 16th. FBR & Co restated a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th. Finally, DA Davidson downgraded shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Friday, September 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $66.78.
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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