Oxford Industries, Inc. (NYSE:OXM) Shares Acquired by RBO & Co. LLC

RBO & Co. LLC grew its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,321 shares of the textile maker’s stock after acquiring an additional 5,896 shares during the quarter. RBO & Co. LLC owned about 0.73% of Oxford Industries worth $10,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP raised its stake in Oxford Industries by 229.3% in the 3rd quarter. Quantbot Technologies LP now owns 21,655 shares of the textile maker’s stock worth $1,879,000 after acquiring an additional 15,078 shares during the last quarter. FMR LLC increased its holdings in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after purchasing an additional 244,022 shares during the period. Cerity Partners LLC raised its stake in shares of Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock worth $923,000 after purchasing an additional 2,167 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oxford Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after purchasing an additional 25,619 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Oxford Industries during the third quarter worth about $502,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OXM has been the subject of a number of recent research reports. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Citigroup reduced their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. Finally, UBS Group decreased their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th.

Insider Buying and Selling at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.70% of the company’s stock.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $80.53 on Wednesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 44.25 and a beta of 1.55. The firm’s 50 day simple moving average is $78.70 and its 200-day simple moving average is $90.88. Oxford Industries, Inc. has a 12 month low of $72.24 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.45 earnings per share. Analysts anticipate that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.33%. Oxford Industries’s dividend payout ratio is currently 147.25%.

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.