California Public Employees Retirement System trimmed its holdings in Oxford Industries Inc (NYSE:OXM) by 21.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 52,052 shares of the textile maker’s stock after selling 14,403 shares during the period. California Public Employees Retirement System’s holdings in Oxford Industries were worth $4,319,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OXM. BlackRock Inc. boosted its position in Oxford Industries by 8.6% in the second quarter. BlackRock Inc. now owns 2,357,282 shares of the textile maker’s stock worth $195,606,000 after purchasing an additional 185,923 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Oxford Industries by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 799,714 shares of the textile maker’s stock worth $66,361,000 after purchasing an additional 11,829 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Oxford Industries by 6,570.0% in the first quarter. Summit Trail Advisors LLC now owns 516,123 shares of the textile maker’s stock worth $516,000 after purchasing an additional 508,385 shares during the last quarter. FMR LLC boosted its position in Oxford Industries by 15.4% in the second quarter. FMR LLC now owns 332,536 shares of the textile maker’s stock worth $27,594,000 after purchasing an additional 44,462 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Oxford Industries by 45.0% in the second quarter. Acadian Asset Management LLC now owns 207,810 shares of the textile maker’s stock worth $17,243,000 after purchasing an additional 64,455 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.
OXM stock opened at $81.30 on Friday. Oxford Industries Inc has a twelve month low of $60.42 and a twelve month high of $97.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 2.07. The stock has a market cap of $1.41 billion, a PE ratio of 22.73, a P/E/G ratio of 1.81 and a beta of 0.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.67%. Oxford Industries’s payout ratio is currently 37.16%.
Several brokerages have issued reports on OXM. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Thursday, August 23rd. KeyCorp raised their target price on Oxford Industries from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 21st. Citigroup raised their target price on Oxford Industries from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, SunTrust Banks raised their target price on Oxford Industries to $97.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Oxford Industries presently has an average rating of “Buy” and a consensus target price of $96.25.
About Oxford Industries
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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