Geode Capital Management LLC Lowers Holdings in Oxford Industries, Inc. (NYSE:OXM)

Geode Capital Management LLC lowered its holdings in Oxford Industries, Inc. (NYSE:OXM) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,164 shares of the textile maker’s stock after selling 631 shares during the quarter. Geode Capital Management LLC owned 2.13% of Oxford Industries worth $26,332,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries during the fourth quarter valued at about $63,000. Blue Trust Inc. raised its position in Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 160 shares during the period. Vestcor Inc purchased a new stake in Oxford Industries in the fourth quarter valued at approximately $100,000. Truvestments Capital LLC lifted its stake in Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after purchasing an additional 326 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Oxford Industries during the third quarter worth $206,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt bought 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now owns 7,180 shares in the company, valued at $421,466. This represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Telsey Advisory Group dropped their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. UBS Group reduced their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Finally, Citigroup lowered their target price on Oxford Industries from $52.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, April 7th.

Oxford Industries Stock Performance

NYSE OXM opened at $44.80 on Friday. The company has a fifty day moving average of $60.39 and a two-hundred day moving average of $73.06. The company has a market capitalization of $665.94 million, a PE ratio of 50.34 and a beta of 1.40. Oxford Industries, Inc. has a 1 year low of $42.12 and a 1 year high of $111.46. 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 (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $390.51 million during the quarter, compared to analysts’ expectations of $383.94 million. During the same quarter in the prior year, the business earned $1.90 EPS. Oxford Industries’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be issued a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 6.16%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is 47.02%.

About Oxford Industries

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.