Oxford Industries, Inc. (NYSE:OXM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,914 shares of the textile maker's stock after selling 14,377 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Oxford Industries worth $1,805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Global Alpha Capital Management Ltd. bought a new stake in shares of Oxford Industries in the 4th quarter worth about $16,489,000. Raymond James Financial Inc. bought a new stake in Oxford Industries during the fourth quarter worth approximately $4,041,000. American Century Companies Inc. raised its position in Oxford Industries by 11.9% during the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker's stock valued at $37,778,000 after purchasing an additional 51,155 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Oxford Industries by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock valued at $48,738,000 after purchasing an additional 50,420 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Oxford Industries in the 4th quarter worth approximately $3,092,000. Institutional investors own 91.16% of the company's stock.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt bought 1,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the purchase, the director now directly owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OXM. Citigroup decreased their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a report on Monday, April 7th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Telsey Advisory Group dropped 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 note on Wednesday, April 23rd. Finally, UBS Group reduced their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th.

Oxford Industries Trading Down 0.9 %

Shares of NYSE OXM traded down $0.45 during trading hours on Wednesday, reaching $48.63. The stock had a trading volume of 440,715 shares, compared to its average volume of 363,649. Oxford Industries, Inc. has a 52-week low of $42.12 and a 52-week high of $111.46. The firm has a market cap of $722.88 million, a price-to-earnings ratio of 54.64 and a beta of 1.40. The business's fifty day moving average price is $55.96 and its two-hundred day moving average price is $71.27. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. Analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.68%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. Oxford Industries's dividend payout ratio (DPR) is presently 47.02%.

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.