Oxford Industries, Inc. (NYSE:OXM) Position Lowered by Bank of America Corp DE

Bank of America Corp DE cut its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 340,041 shares of the textile maker's stock after selling 10,560 shares during the period. Bank of America Corp DE owned 2.17% of Oxford Industries worth $26,788,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its holdings in Oxford Industries by 3.7% in the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. raised its holdings in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after acquiring an additional 160 shares during the last quarter. Truvestments Capital LLC raised its holdings in Oxford Industries by 15.6% in the 4th 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. Inspire Investing LLC raised its holdings in Oxford Industries by 7.2% in the 4th quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker's stock valued at $401,000 after acquiring an additional 343 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings 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. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 2.6%

Oxford Industries stock traded down $1.41 during trading on Friday, reaching $52.92. 248,186 shares of the company's stock were exchanged, compared to its average volume of 376,977. The company's 50-day moving average is $53.61 and its two-hundred day moving average is $68.75. 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 $42.12 and a 52-week high of $111.44. The firm has a market cap of $786.67 million, a price-to-earnings ratio of 59.46 and a beta of 1.43.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 EPS. On average, analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were given a $0.69 dividend. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Thursday, April 17th. Oxford Industries's dividend payout ratio is presently 47.02%.

Analyst Ratings Changes

OXM has been the subject of a number of research analyst reports. Citigroup dropped their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a report on Monday, April 7th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Telsey Advisory Group decreased their price target 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. Finally, UBS Group decreased their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th.

Insider Buying and Selling at Oxford Industries

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.00% of the stock is currently owned by corporate insiders.

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.