Bank of America Corp DE cut its stake in Oxford Industries Inc (NYSE:OXM) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,424 shares of the textile maker’s stock after selling 2,024 shares during the period. Bank of America Corp DE owned 0.74% of Oxford Industries worth $10,407,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. purchased a new stake in Oxford Industries in the 2nd quarter worth $252,000. King Luther Capital Management Corp increased its holdings in Oxford Industries by 4.5% in the 2nd quarter. King Luther Capital Management Corp now owns 54,175 shares of the textile maker’s stock worth $4,495,000 after acquiring an additional 2,325 shares in the last quarter. Laurion Capital Management LP increased its holdings in Oxford Industries by 98.6% in the 2nd quarter. Laurion Capital Management LP now owns 11,211 shares of the textile maker’s stock worth $930,000 after acquiring an additional 5,567 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Oxford Industries by 199.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the textile maker’s stock worth $5,020,000 after acquiring an additional 40,300 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Oxford Industries in the 2nd quarter worth $100,000. Institutional investors own 89.72% of the company’s stock.
Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of Oxford Industries from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks boosted their price target on shares of Oxford Industries to $97.00 and gave the stock a “buy” rating in a report on Thursday, September 13th. Finally, KeyCorp boosted their price target on shares of Oxford Industries from $100.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, September 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $96.25.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.83. Oxford Industries had a net margin of 6.61% and a return on equity of 16.20%. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $306.12 million. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that Oxford Industries Inc will post 4.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, October 18th. Oxford Industries’s payout ratio is 37.16%.
Oxford Industries Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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