RBO & Co. LLC Grows Stock Position in Oxford Industries, Inc. (NYSE:OXM)

RBO & Co. LLC increased its holdings in Oxford Industries, Inc. (NYSE:OXM) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 115,321 shares of the textile maker’s stock after purchasing an additional 5,896 shares during the quarter. RBO & Co. LLC’s holdings in Oxford Industries were worth $10,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OXM. Boston Partners acquired a new stake in shares of Oxford Industries during the 1st quarter worth about $990,000. Vanguard Group Inc. increased its position in shares of Oxford Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares during the last quarter. Maverick Capital Ltd. raised its stake in shares of Oxford Industries by 673.5% in the 2nd quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock valued at $6,274,000 after acquiring an additional 54,544 shares during the period. Victory Capital Management Inc. raised its stake in shares of 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. Finally, Semanteon Capital Management LP acquired a new position in shares of Oxford Industries in the 3rd quarter worth approximately $788,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

OXM has been the subject of several research reports. UBS Group dropped their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Citigroup dropped their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Telsey Advisory Group decreased their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

Oxford Industries Stock Down 1.5 %

Oxford Industries stock opened at $80.53 on Wednesday. The company’s 50 day moving average is $78.70 and its two-hundred day moving average is $90.88. The firm has a market cap of $1.26 billion, a PE ratio of 44.25 and a beta of 1.55. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The company had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. During the same quarter in the previous year, the business posted $3.45 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.33%. Oxford Industries’s payout ratio is 147.25%.

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.