Mutual of America Capital Management LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,287 shares of the textile maker’s stock after purchasing an additional 117 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oxford Industries were worth $207,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of Oxford Industries by 46.5% in the 4th quarter. Invesco Ltd. now owns 798,111 shares of the textile maker’s stock valued at $81,025,000 after purchasing an additional 253,479 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oxford Industries by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 648,614 shares of the textile maker’s stock valued at $65,847,000 after buying an additional 14,311 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Oxford Industries by 7.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 137,996 shares of the textile maker’s stock valued at $14,009,000 after buying an additional 9,564 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Oxford Industries by 38.3% in the fourth quarter. Acadian Asset Management LLC now owns 91,264 shares of the textile maker’s stock valued at $9,257,000 after buying an additional 25,283 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Oxford Industries by 12.8% in the fourth quarter. JPMorgan Chase & Co. now owns 88,485 shares of the textile maker’s stock valued at $8,984,000 after buying an additional 10,021 shares in the last quarter. 87.97% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries Trading Down 2.5 %
Oxford Industries stock opened at $94.53 on Wednesday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 9.91 and a beta of 1.52. The stock has a fifty day moving average price of $90.80 and a 200 day moving average price of $88.68. Oxford Industries, Inc. has a 52 week low of $76.21 and a 52 week high of $110.37.
Oxford Industries (NYSE:OXM – Get Rating) last released its earnings results on Wednesday, June 8th. The textile maker reported $3.50 EPS for the quarter, beating the consensus estimate of $2.78 by $0.72. The firm had revenue of $352.58 million during the quarter, compared to analyst estimates of $329.03 million. Oxford Industries had a return on equity of 32.41% and a net margin of 13.04%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 earnings per share. As a group, equities analysts predict that Oxford Industries, Inc. will post 9.87 EPS for the current year.
Oxford Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, July 14th. Oxford Industries’s dividend payout ratio (DPR) is presently 23.06%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Piper Sandler assumed coverage on Oxford Industries in a research note on Friday, July 22nd. They issued an “overweight” rating and a $110.00 price target on the stock. StockNews.com cut Oxford Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 7th. Truist Financial began coverage on Oxford Industries in a report on Thursday, April 7th. They set a “buy” rating and a $126.00 price objective for the company. KeyCorp began coverage on Oxford Industries in a report on Wednesday, July 20th. They set an “overweight” rating and a $110.00 price objective for the company. Finally, Citigroup lifted their price objective on Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.60.
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; women’s and girl’s dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children’s apparel and swimwear under the Lilly Pulitzer brand; and men’s shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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