Charles Schwab Investment Management Inc. Purchases 56,235 Shares of Oxford Industries, Inc. $OXM

Charles Schwab Investment Management Inc. boosted its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674,889 shares of the textile maker's stock after acquiring an additional 56,235 shares during the quarter. Charles Schwab Investment Management Inc. owned 4.54% of Oxford Industries worth $39,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Oxford Industries by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock valued at $195,000 after acquiring an additional 185 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Oxford Industries in the first quarter valued at $261,000. US Bancorp DE increased its stake in Oxford Industries by 67.2% in the first quarter. US Bancorp DE now owns 5,290 shares of the textile maker's stock valued at $310,000 after acquiring an additional 2,127 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Oxford Industries by 59.1% during the first quarter. Avantax Advisory Services Inc. now owns 16,131 shares of the textile maker's stock valued at $946,000 after buying an additional 5,992 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Oxford Industries during the first quarter valued at about $1,261,000. Institutional investors own 91.16% of the company's stock.

Oxford Industries Stock Performance

Oxford Industries stock opened at $45.21 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $42.69 and a 200-day moving average of $53.08. The firm has a market cap of $675.44 million, a P/E ratio of 8.78 and a beta of 1.38. Oxford Industries, Inc. has a 1-year low of $36.25 and a 1-year high of $90.50.

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

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Friday, July 18th. Oxford Industries's dividend payout ratio is currently 53.59%.

Insider Transactions at Oxford Industries

In other news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the company's stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the acquisition, the chief executive officer owned 59,063 shares in the company, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert S. Trauber acquired 10,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was bought at an average price of $41.38 per share, with a total value of $413,800.00. Following the completion of the acquisition, the chief executive officer directly owned 13,364 shares of the company's stock, valued at $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. Over the last quarter, insiders have bought 16,818 shares of company stock valued at $686,724. 6.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OXM. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. Citigroup reduced their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Truist Financial reduced their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, June 12th. UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Finally, Zacks Research raised Oxford Industries to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.80.

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.

Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries, Inc. (NYSE:OXM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.