Canada Pension Plan Investment Board Sells 6,000 Shares of Oxford Industries, Inc. (NYSE:OXM)

Canada Pension Plan Investment Board trimmed its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 92.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 500 shares of the textile maker's stock after selling 6,000 shares during the quarter. Canada Pension Plan Investment Board's holdings in Oxford Industries were worth $39,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in Oxford Industries by 74.0% in the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock worth $4,208,000 after purchasing an additional 20,620 shares during the period. Franklin Resources Inc. increased its stake in shares of Oxford Industries by 7.4% in the third quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker's stock worth $667,000 after buying an additional 527 shares during the period. JPMorgan Chase & Co. raised its holdings in Oxford Industries by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,291 shares of the textile maker's stock valued at $3,235,000 after buying an additional 8,500 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Oxford Industries by 14.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,853 shares of the textile maker's stock valued at $461,000 after buying an additional 721 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in Oxford Industries by 27.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 27,146 shares of the textile maker's stock worth $2,139,000 after acquiring an additional 5,911 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt acquired 1,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired 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 owns 7,180 shares of the company's stock, valued at $421,466. This represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.70% of the company's stock.

Oxford Industries Stock Up 4.5 %

Oxford Industries stock traded up $2.17 during trading hours on Friday, hitting $50.27. 55,472 shares of the stock traded hands, compared to its average volume of 424,672. Oxford Industries, Inc. has a one year low of $42.12 and a one year high of $111.46. The firm's 50-day moving average price is $55.50 and its two-hundred day moving average price is $71.07. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company has a market cap of $747.19 million, a PE ratio of 56.48 and a beta of 1.40.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly 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 company had revenue of $390.51 million for 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 firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 earnings per share. On average, research analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio is 47.02%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OXM shares. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Citigroup dropped their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a report on Monday, April 7th. UBS Group reduced their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th.

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.