T. Rowe Price Investment Management Inc. Trims Stake in Oxford Industries, Inc. (NYSE:OXM)

T. Rowe Price Investment Management Inc. cut its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 166,497 shares of the textile maker's stock after selling 142,251 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.06% of Oxford Industries worth $13,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in shares of Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries in the fourth quarter worth about $63,000. Blue Trust Inc. raised its position in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after purchasing an additional 160 shares during the period. Vestcor Inc purchased a new stake in shares of Oxford Industries during the 4th quarter valued at approximately $100,000. Finally, Truvestments Capital LLC boosted its holdings in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after buying an additional 326 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the purchase, the director now owns 7,180 shares in the company, valued at approximately $421,466. The trade was a 16.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OXM has been the topic of several recent research reports. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Telsey Advisory Group reduced 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 report on Wednesday, April 23rd. Citigroup lowered their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group reduced their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th.

Oxford Industries Price Performance

Shares of Oxford Industries stock traded up $1.96 during trading on Friday, hitting $50.06. 300,798 shares of the stock traded hands, compared to its average volume of 363,873. The firm's fifty day moving average is $55.50 and its 200-day moving average is $71.07. The stock has a market cap of $744.14 million, a price-to-earnings ratio of 56.25 and a beta of 1.40. Oxford Industries, Inc. has a 52 week low of $42.12 and a 52 week high of $111.46. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The firm had revenue of $390.51 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $1.90 EPS. Research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a $0.69 dividend. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.51%. Oxford Industries's dividend payout ratio (DPR) is currently 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.