Northern Trust Corp Buys 18,169 Shares of Oxford Industries, Inc. (NYSE:OXM)

Northern Trust Corp lifted its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,433 shares of the textile maker's stock after purchasing an additional 18,169 shares during the quarter. Northern Trust Corp owned 1.09% of Oxford Industries worth $13,505,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OXM. Dimensional Fund Advisors LP increased its stake in Oxford Industries by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after acquiring an additional 103,253 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock valued at $48,738,000 after acquiring an additional 50,420 shares during the last quarter. Wellington Management Group LLP increased its stake in Oxford Industries by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock valued at $45,738,000 after acquiring an additional 27,198 shares during the last quarter. American Century Companies Inc. increased its stake in Oxford Industries by 11.9% in the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker's stock valued at $37,778,000 after acquiring an additional 51,155 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Oxford Industries by 13.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock valued at $36,186,000 after acquiring an additional 54,045 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Insider Activity

In other Oxford Industries news, Director Milford W. Mcguirt bought 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Oxford Industries Price Performance

NYSE OXM traded down $1.25 on Monday, hitting $55.85. The stock had a trading volume of 344,592 shares, compared to its average volume of 376,811. Oxford Industries, Inc. has a 52-week low of $42.12 and a 52-week high of $111.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The company has a market capitalization of $830.21 million, a price-to-earnings ratio of 62.75 and a beta of 1.43. The firm has a 50-day moving average of $53.98 and a 200-day moving average of $69.35.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The firm had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.90 EPS. Equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 4.94%. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is 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.