Foster & Motley Inc. Sells 343 Shares of Oxford Industries, Inc. (NYSE:OXM)

Foster & Motley Inc. trimmed its stake in Oxford Industries, Inc. (NYSE:OXM) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 8,951 shares of the textile maker’s stock after selling 343 shares during the quarter. Foster & Motley Inc.’s holdings in Oxford Industries were worth $777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXM. 1620 Investment Advisors Inc. bought a new position in shares of Oxford Industries in the second quarter valued at approximately $28,000. Quarry LP lifted its position in Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after acquiring an additional 465 shares during the last quarter. Natixis bought a new stake in Oxford Industries during the first quarter valued at about $109,000. SG Americas Securities LLC acquired a new stake in shares of Oxford Industries in the first quarter valued at about $137,000. Finally, Truvestments Capital LLC bought a new position in shares of Oxford Industries in the first quarter worth about $209,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the company’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 sale, the executive vice president now owns 31,428 shares of the company’s stock, valued at $2,727,007.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by insiders.

Analyst Ratings Changes

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

Oxford Industries Stock Down 0.3 %

OXM stock opened at $77.84 on Friday. Oxford Industries, Inc. has a twelve month low of $72.24 and a twelve month high of $113.88. The company has a market cap of $1.22 billion, a PE ratio of 42.77 and a beta of 1.55. The business’s 50-day simple moving average is $80.47 and its 200 day simple moving average is $93.64.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share 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 analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.45 EPS. On average, equities research analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s dividend payout ratio is 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.