Raymond James Financial Inc. Takes Position in Oxford Industries, Inc. (NYSE:OXM)

Raymond James Financial Inc. acquired a new stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 51,283 shares of the textile maker's stock, valued at approximately $4,041,000. Raymond James Financial Inc. owned approximately 0.33% of Oxford Industries as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after acquiring an additional 373 shares during the last quarter. Blue Trust Inc. increased its position in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after purchasing an additional 160 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Oxford Industries during the 4th quarter worth about $63,000. Vestcor Inc purchased a new stake in shares of Oxford Industries during the 4th quarter worth about $100,000. Finally, Truvestments Capital LLC lifted its holdings in shares of Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after buying an additional 326 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Stock Performance

OXM stock traded down $0.45 during midday trading on Wednesday, hitting $48.63. 440,715 shares of the company traded hands, compared to its average volume of 363,146. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $111.46. The stock has a market capitalization of $722.88 million, a price-to-earnings ratio of 54.64 and a beta of 1.40. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The business has a 50 day simple moving average of $56.42 and a 200-day simple moving average of $71.42.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same period last year, the business posted $1.90 EPS. Oxford Industries's revenue was down 3.4% compared to the same quarter last year. As a group, equities research analysts predict 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 of this dividend is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.68%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is 47.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group cut their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Finally, Citigroup cut their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a report on Monday, April 7th.

Insider Transactions at Oxford Industries

In related news, Director Milford W. Mcguirt acquired 1,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. This represents a 16.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.70% of the company's stock.

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.