Truist Financial Corp Sells 231 Shares of Oxford Industries, Inc. (NYSE:OXM)

Truist Financial Corp decreased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,544 shares of the textile maker’s stock after selling 231 shares during the period. Truist Financial Corp’s holdings in Oxford Industries were worth $11,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock worth $4,208,000 after acquiring an additional 20,620 shares during the period. Cerity Partners LLC raised its stake in Oxford Industries by 25.6% during the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock worth $923,000 after acquiring an additional 2,167 shares during the period. Jane Street Group LLC raised its stake in Oxford Industries by 73.7% during the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock worth $3,194,000 after acquiring an additional 15,617 shares during the period. Victory Capital Management Inc. raised its stake in Oxford Industries by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after acquiring an additional 156,634 shares during the period. Finally, Weiss Asset Management LP bought a new stake in Oxford Industries during the 3rd quarter worth approximately $2,742,000. Institutional investors own 91.16% of the company’s stock.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by insiders.

Oxford Industries Trading Up 0.9 %

Oxford Industries stock opened at $72.09 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 81.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. Oxford Industries, Inc. has a 1 year low of $70.27 and a 1 year high of $113.88. The firm’s 50 day moving average price is $80.53 and its 200-day moving average price is $81.46.

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

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries’s dividend payout ratio (DPR) is presently 301.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OXM shares. UBS Group decreased their target price on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th.

Oxford Industries Company 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.