Bank of New York Mellon Corp Purchases 32,224 Shares of Oxford Industries, Inc. (NYSE:OXM)

Bank of New York Mellon Corp boosted its position in Oxford Industries, Inc. (NYSE:OXM) by 16.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 232,045 shares of the textile maker’s stock after acquiring an additional 32,224 shares during the period. Bank of New York Mellon Corp’s holdings in Oxford Industries were worth $18,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after acquiring an additional 244,022 shares during the period. Victory Capital Management Inc. raised its stake in Oxford Industries by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after acquiring an additional 156,634 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock valued at $49,300,000 after acquiring an additional 25,619 shares during the period. State Street Corp raised its stake in Oxford Industries by 1.3% in the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after acquiring an additional 7,336 shares during the period. Finally, Wellington Management Group LLP raised its stake in Oxford Industries by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after acquiring an additional 102,525 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Oxford Industries Stock Down 2.7 %

OXM stock opened at $60.51 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $950.10 million, a PE ratio of 67.99 and a beta of 1.61. Oxford Industries, Inc. has a twelve month low of $57.55 and a twelve month high of $113.88. The stock has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $78.90.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. On average, equities analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on OXM shares. Telsey Advisory Group restated a “market perform” rating and issued a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group reduced their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th.

Oxford Industries Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.