Bank of America Corp DE Trims Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Bank of America Corp DE lessened its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,041 shares of the textile maker's stock after selling 10,560 shares during the quarter. Bank of America Corp DE owned 2.17% of Oxford Industries worth $26,788,000 at the end of the most recent reporting period.

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

Oxford Industries Stock Down 5.0%

NYSE OXM traded down $2.83 during mid-day trading on Wednesday, hitting $53.56. The company's stock had a trading volume of 382,989 shares, compared to its average volume of 377,214. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $111.44. The firm has a market capitalization of $796.23 million, a price-to-earnings ratio of 60.18 and a beta of 1.43. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company's 50 day simple moving average is $53.98 and its 200 day simple moving average is $69.14.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share 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 firm had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. During the same period in the previous year, the company earned $1.90 earnings per share. The company's quarterly revenue was down 3.4% on a year-over-year basis. Analysts anticipate 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 was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were issued a dividend of $0.69 per share. The ex-dividend date was Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.15%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OXM shares. UBS Group cut their price objective 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 price objective on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Telsey Advisory Group cut 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 research report on Wednesday, April 23rd.

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.