Metropolitan Life Insurance Co. NY Cuts Stake in Oxford Industries Inc (OXM)

Metropolitan Life Insurance Co. NY cut its position in Oxford Industries Inc (NYSE:OXM) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,763 shares of the textile maker’s stock after selling 612 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.06% of Oxford Industries worth $647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of OXM. BlackRock Fund Advisors boosted its position in shares of Oxford Industries by 8.3% in the third quarter. BlackRock Fund Advisors now owns 1,032,985 shares of the textile maker’s stock valued at $69,933,000 after buying an additional 78,875 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oxford Industries by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,921 shares of the textile maker’s stock valued at $41,125,000 after buying an additional 36,584 shares during the last quarter. Cardinal Capital Management LLC CT boosted its position in shares of Oxford Industries by 96.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 477,193 shares of the textile maker’s stock valued at $28,693,000 after buying an additional 234,222 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Oxford Industries by 6.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 417,518 shares of the textile maker’s stock valued at $28,266,000 after buying an additional 25,332 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Oxford Industries by 2.6% in the third quarter. Rice Hall James & Associates LLC now owns 345,760 shares of the textile maker’s stock valued at $23,408,000 after buying an additional 8,748 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

Oxford Industries Inc (NYSE:OXM) traded up 1.56% during trading on Thursday, reaching $57.33. 48,416 shares of the company’s stock were exchanged. Oxford Industries Inc has a 52 week low of $49.50 and a 52 week high of $76.19. The stock has a 50-day moving average of $55.05 and a 200-day moving average of $60.17. The stock has a market capitalization of $961.31 million, a PE ratio of 18.21 and a beta of 0.42.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 23rd. The textile maker reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.29. The firm had revenue of $261 million for the quarter, compared to the consensus estimate of $267.28 million. Oxford Industries had a return on equity of 17.54% and a net margin of 5.87%. Oxford Industries’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. On average, equities research analysts anticipate that Oxford Industries Inc will post $3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 11th. Oxford Industries’s dividend payout ratio (DPR) is presently 30.00%.

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Several analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research report on Wednesday, March 29th. Citigroup Inc decreased their price target on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Wunderlich decreased their price target on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $60.00 to $53.00 and set a “market perform” rating for the company in a research report on Friday, March 24th. Finally, Zacks Investment Research raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries currently has an average rating of “Buy” and an average target price of $71.75.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

5 Day Chart for NYSE:OXM

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