Bank of New York Mellon Corp Sells 6,407 Shares of Oxford Industries, Inc. (NYSE:OXM)

Bank of New York Mellon Corp lowered its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 225,638 shares of the textile maker's stock after selling 6,407 shares during the quarter. Bank of New York Mellon Corp owned 1.52% of Oxford Industries worth $13,238,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings 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 valued at $32,000 after buying an additional 373 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Oxford Industries in the fourth quarter valued at approximately $213,000. Howe & Rusling Inc. acquired a new position in shares of Oxford Industries in the fourth quarter valued at approximately $215,000. ProShare Advisors LLC boosted its holdings in shares of Oxford Industries by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock valued at $352,000 after buying an additional 1,376 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Oxford Industries in the fourth quarter valued at approximately $359,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OXM shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price target on shares of Oxford Industries in a report on Thursday, June 12th. Citigroup cut their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. UBS Group boosted their price objective on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Truist Financial cut their price objective on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. Finally, KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, Oxford Industries has an average rating of "Hold" and a consensus price target of $55.80.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were bought at an average cost of $40.12 per share, with a total value of $260,780.00. Following the completion of the transaction, the chief executive officer directly owned 59,063 shares of the company's stock, valued at $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert S. Trauber acquired 10,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was bought at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the transaction, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This trade represents a 297.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Oxford Industries Stock Performance

NYSE OXM traded down $2.78 on Thursday, hitting $43.10. 366,665 shares of the stock were exchanged, compared to its average volume of 437,388. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. The business's fifty day moving average is $47.01 and its 200 day moving average is $58.44. Oxford Industries, Inc. has a 52 week low of $36.99 and a 52 week high of $108.51. The company has a market capitalization of $643.87 million, a PE ratio of 8.37 and a beta of 1.36.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The firm had revenue of $392.86 million for the quarter, compared to analyst estimates of $383.54 million. During the same period in the prior year, the firm posted $2.66 earnings per share. The company's quarterly revenue was down 1.3% compared to the same quarter last year. Research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's payout ratio is presently 53.59%.

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.