Oxford Industries, Inc. (NYSE:OXM) Stake Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,907 shares of the textile maker's stock after selling 5,976 shares during the quarter. BNP Paribas Financial Markets' holdings in Oxford Industries were worth $150,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OXM shares. Truist Financial initiated coverage on Oxford Industries in a report on Wednesday, May 28th. They set a "hold" rating and a $56.00 target price for the company. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group lowered their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Citigroup cut their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.40.

Insiders Place Their Bets

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was bought 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 in the company, valued at $421,466. This trade represents a 16.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.00% of the stock is owned by insiders.

Oxford Industries Stock Performance

OXM stock traded up $0.17 during midday trading on Wednesday, reaching $54.31. The company had a trading volume of 253,214 shares, compared to its average volume of 377,410. 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 stock has a 50 day moving average price of $52.48 and a 200 day moving average price of $67.43. The firm has a market capitalization of $807.32 million, a PE ratio of 61.02 and a beta of 1.43. Oxford Industries, Inc. has a fifty-two week low of $42.12 and a fifty-two week high of $108.51.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. During the same period in the prior year, the business earned $1.90 EPS. The firm's 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 company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, April 17th. Oxford Industries's payout ratio is presently 47.02%.

Oxford Industries 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.