US Bancorp DE Has $310,000 Position in Oxford Industries, Inc. (NYSE:OXM)

US Bancorp DE increased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 67.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,290 shares of the textile maker’s stock after purchasing an additional 2,127 shares during the quarter. US Bancorp DE’s holdings in Oxford Industries were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Oxford Industries by 12.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,024 shares of the textile maker’s stock worth $709,000 after purchasing an additional 1,358 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Oxford Industries by 307.0% during the 1st quarter. SG Americas Securities LLC now owns 14,468 shares of the textile maker’s stock worth $849,000 after purchasing an additional 10,913 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Oxford Industries by 12.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker’s stock worth $5,651,000 after purchasing an additional 10,547 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Oxford Industries by 36,701.5% during the 1st quarter. GAMMA Investing LLC now owns 24,289 shares of the textile maker’s stock worth $1,425,000 after purchasing an additional 24,223 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Oxford Industries by 11.4% during the 4th quarter. Ameriprise Financial Inc. now owns 83,403 shares of the textile maker’s stock worth $6,570,000 after purchasing an additional 8,528 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the purchase, the chief executive officer owned 59,063 shares in the company, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert S. Trauber purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the purchase, the chief executive officer owned 13,364 shares in the company, valued at approximately $553,002.32. The trade was a 297.27% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 16,818 shares of company stock worth $686,724. Corporate insiders own 6.00% of the company’s stock.

Oxford Industries Price Performance

Oxford Industries stock opened at $45.73 on Thursday. Oxford Industries, Inc. has a one year low of $36.25 and a one year high of $93.72. The stock’s fifty day moving average price is $43.08 and its two-hundred day moving average price is $54.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. The firm has a market cap of $683.21 million, a PE ratio of 8.88 and a beta of 1.38.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The company had revenue of $392.86 million for the quarter, compared to analyst estimates of $383.54 million. During the same quarter last year, the company posted $2.66 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were paid a $0.69 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.0%. Oxford Industries’s dividend payout ratio (DPR) is presently 53.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OXM shares. Truist Financial lowered their price objective on Oxford Industries from $56.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, June 12th. Citigroup lowered their price objective on Oxford Industries from $47.00 to $44.00 and set a “sell” rating on the stock in a research note on Thursday, June 12th. Telsey Advisory Group restated a “market perform” rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. Finally, UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.80.

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.