Louisiana State Employees Retirement System Invests $730,000 in Oxford Industries, Inc. (NYSE:OXM)

Louisiana State Employees Retirement System bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,300 shares of the textile maker's stock, valued at approximately $730,000.

A number of other institutional investors have also made changes to their positions in the stock. Swiss National Bank lifted its holdings in Oxford Industries by 0.6% during the 3rd quarter. Swiss National Bank now owns 34,600 shares of the textile maker's stock worth $3,326,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Oxford Industries by 5.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the textile maker's stock worth $383,000 after purchasing an additional 207 shares during the period. Milestone Investment Advisors LLC purchased a new position in Oxford Industries during the 3rd quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Oxford Industries by 24.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,941 shares of the textile maker's stock valued at $283,000 after purchasing an additional 583 shares during the period. Finally, Alps Advisors Inc. raised its holdings in shares of Oxford Industries by 23.7% in the third quarter. Alps Advisors Inc. now owns 3,540 shares of the textile maker's stock valued at $340,000 after buying an additional 679 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OXM. Citigroup lowered Oxford Industries from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $98.00 to $94.00 in a report on Monday, April 1st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $110.00 price objective on shares of Oxford Industries in a report on Wednesday. Finally, UBS Group cut their target price on Oxford Industries from $106.00 to $104.00 and set a "neutral" rating for the company in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $103.60.

Insider Buying and Selling

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the company's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the transaction, the chief executive officer now directly owns 12,394 shares in the company, valued at approximately $1,300,750.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.00% of the stock is currently owned by company insiders.

Oxford Industries Price Performance

Oxford Industries stock traded up $0.96 during mid-day trading on Friday, reaching $106.71. The company had a trading volume of 165,107 shares, compared to its average volume of 270,291. The stock's 50-day simple moving average is $105.17 and its 200-day simple moving average is $98.32. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. The company has a market capitalization of $1.67 billion, a P/E ratio of 28.92 and a beta of 1.60.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The firm had revenue of $404.43 million during the quarter, compared to analysts' expectations of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 earnings per share. On average, equities analysts predict that Oxford Industries, Inc. will post 9.47 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.65. Oxford Industries's dividend payout ratio (DPR) is presently 72.63%.

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.