Intech Investment Management LLC Invests $502,000 in Oxford Industries, Inc. (NYSE:OXM)

Intech Investment Management LLC bought a new position in Oxford Industries, Inc. (NYSE:OXM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,783 shares of the textile maker’s stock, valued at approximately $502,000.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Oxford Industries by 8.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,264 shares of the textile maker’s stock worth $817,000 after purchasing an additional 538 shares during the period. Comerica Bank lifted its holdings in Oxford Industries by 2.6% during the first quarter. Comerica Bank now owns 23,432 shares of the textile maker’s stock worth $2,634,000 after buying an additional 589 shares during the period. Boston Partners bought a new stake in Oxford Industries during the 1st quarter valued at $990,000. Harbor Capital Advisors Inc. increased its holdings in shares of Oxford Industries by 23.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,121 shares of the textile maker’s stock valued at $513,000 after acquiring an additional 964 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Oxford Industries by 238.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,121 shares of the textile maker’s stock worth $413,000 after acquiring an additional 2,905 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction that occurred 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 directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Oxford Industries Price Performance

Shares of OXM stock opened at $83.17 on Monday. The company has a 50-day moving average of $78.38 and a two-hundred day moving average of $90.27. The firm has a market cap of $1.30 billion, a PE ratio of 45.70 and a beta of 1.55. Oxford Industries, Inc. has a 1-year low of $72.24 and a 1-year high of $113.88.

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

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.22%. Oxford Industries’s dividend payout ratio (DPR) is 147.25%.

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.