Ameriprise Financial Inc. Raises Holdings in Oxford Industries, Inc. (NYSE:OXM)

Ameriprise Financial Inc. increased its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,403 shares of the textile maker's stock after acquiring an additional 8,528 shares during the period. Ameriprise Financial Inc. owned approximately 0.53% of Oxford Industries worth $6,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in Oxford Industries by 3.7% in the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock worth $328,000 after acquiring an additional 137 shares in the last quarter. Blue Trust Inc. grew its position in Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after acquiring an additional 160 shares in the last quarter. Truvestments Capital LLC grew its position in Oxford Industries by 15.6% in the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 shares in the last quarter. Inspire Investing LLC grew its position in Oxford Industries by 7.2% in the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker's stock worth $401,000 after acquiring an additional 343 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

OXM has been the subject of several recent research reports. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group dropped their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Citigroup dropped their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Finally, Telsey Advisory Group dropped their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd.

Insider Activity

In related news, Director Milford W. Mcguirt purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the completion of the purchase, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. The trade was a 16.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.00% of the company's stock.

Oxford Industries Stock Up 1.9%

Shares of NYSE:OXM opened at $54.30 on Friday. Oxford Industries, Inc. has a 1 year low of $42.12 and a 1 year high of $111.44. The business has a 50 day simple moving average of $53.78 and a two-hundred day simple moving average of $68.90. The firm has a market capitalization of $807.17 million, a PE ratio of 61.01 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Thursday, April 17th. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is currently 47.02%.

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.

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