JPMorgan Chase & Co. Has $3.24 Million Position in Oxford Industries, Inc. (NYSE:OXM)

JPMorgan Chase & Co. raised its stake in Oxford Industries, Inc. (NYSE:OXM) by 29.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,291 shares of the textile maker’s stock after purchasing an additional 8,500 shares during the quarter. JPMorgan Chase & Co.’s holdings in Oxford Industries were worth $3,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after acquiring an additional 1,083 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Oxford Industries during the 3rd quarter valued at about $206,000. Verity Asset Management Inc. acquired a new position in shares of Oxford Industries during the 3rd quarter valued at about $233,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Oxford Industries by 4.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock valued at $336,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

NYSE:OXM opened at $85.30 on Monday. The firm’s 50-day moving average is $81.15 and its 200-day moving average is $84.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 95.84 and a beta of 1.56.

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

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, January 17th. This represents a $2.68 annualized dividend and a yield of 3.14%. Oxford Industries’s dividend payout ratio is 301.12%.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OXM. UBS Group lowered 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 issued a $86.00 price objective on shares of Oxford Industries in a research note 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.