GAMMA Investing LLC raised its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 406.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,095 shares of the textile maker’s stock after acquiring an additional 1,681 shares during the period. GAMMA Investing LLC’s holdings in Oxford Industries were worth $84,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. State of Wyoming raised its holdings in shares of Oxford Industries by 159.4% in the first quarter. State of Wyoming now owns 2,511 shares of the textile maker’s stock valued at $147,000 after purchasing an additional 1,543 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Oxford Industries by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker’s stock valued at $195,000 after buying an additional 185 shares during the last quarter. AlphaQuest LLC increased its stake in Oxford Industries by 22.3% in the 1st quarter. AlphaQuest LLC now owns 3,604 shares of the textile maker’s stock valued at $211,000 after buying an additional 657 shares during the last quarter. Petrus Trust Company LTA bought a new position in shares of Oxford Industries during the 1st quarter worth approximately $226,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Oxford Industries by 30.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,928 shares of the textile maker’s stock worth $230,000 after buying an additional 920 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.
Oxford Industries Stock Performance
Shares of OXM opened at $40.74 on Friday. Oxford Industries, Inc. has a 52-week low of $36.25 and a 52-week high of $89.86. The stock’s 50-day simple moving average is $42.91 and its 200 day simple moving average is $47.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.51 and a current ratio of 1.18. The stock has a market capitalization of $605.71 million, a price-to-earnings ratio of 11.01 and a beta of 1.29.
Oxford Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, October 17th. Oxford Industries’s payout ratio is 74.59%.
Analysts Set New Price Targets
A number of analysts recently commented on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $52.00 price target on shares of Oxford Industries in a research report on Thursday, September 11th. Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. UBS Group cut their price target on shares of Oxford Industries from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, August 27th. Citigroup reduced their price target on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating for the company in a research report on Thursday, June 12th. Finally, Truist Financial lifted their price objective on shares of Oxford Industries from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $54.40.
Read Our Latest Stock Report on Oxford Industries
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.
Further Reading
- Five stocks we like better than Oxford Industries
- High Flyers: 3 Natural Gas Stocks for March 2022
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- 5 discounted opportunities for dividend growth investors
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- How to Plot Fibonacci Price Inflection Levels
- NVIDIA Breaks Out to New Highs: What Comes Next?
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 – Free Report).
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.