GW&K Investment Management LLC lowered its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,353 shares of the textile maker's stock after selling 11,081 shares during the period. GW&K Investment Management LLC owned about 2.23% of Oxford Industries worth $19,441,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in OXM. Cassaday & Co Wealth Management LLC lifted its position in shares of Oxford Industries by 59.8% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 20,095 shares of the textile maker's stock worth $1,179,000 after purchasing an additional 7,522 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in shares of Oxford Industries in the 1st quarter worth about $493,000. Envestnet Asset Management Inc. increased its stake in shares of Oxford Industries by 12.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker's stock worth $5,651,000 after acquiring an additional 10,547 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Oxford Industries by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 73,639 shares of the textile maker's stock worth $4,320,000 after acquiring an additional 1,789 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Oxford Industries by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,024 shares of the textile maker's stock worth $709,000 after acquiring an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on OXM shares. Citigroup decreased their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. UBS Group increased their price target on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price target on shares of Oxford Industries in a research note on Thursday, June 12th. Finally, Truist Financial reduced their price objective on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.80.
Check Out Our Latest Report on OXM
Insider Transactions at Oxford Industries
In other Oxford Industries news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $40.12 per share, with a total value of $260,780.00. Following the completion of the purchase, the chief executive officer directly owned 59,063 shares in the company, valued at $2,369,607.56. The trade was a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Trauber acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average cost of $41.38 per share, with a total value of $413,800.00. Following the completion of the purchase, the chief executive officer 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. Corporate insiders own 6.00% of the company's stock.
Oxford Industries Stock Performance
OXM opened at $41.65 on Tuesday. 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 company has a market cap of $622.28 million, a price-to-earnings ratio of 7.14 and a beta of 1.36. The company's 50 day moving average is $48.14 and its 200 day moving average is $59.17. Oxford Industries, Inc. has a 12-month low of $36.99 and a 12-month high of $108.51.
Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The business had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The company's revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.
Oxford Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Friday, July 18th. Oxford Industries's payout ratio is presently 53.59%.
About Oxford Industries
(
Free Report)
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.
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