Deprince Race & Zollo Inc. trimmed its stake in Oxford Industries, Inc. (NYSE:OXM) by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,878 shares of the textile maker’s stock after selling 34,248 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.22% of Oxford Industries worth $3,311,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of OXM. Fifth Third Bancorp lifted its stake in shares of Oxford Industries by 71.8% in the first quarter. Fifth Third Bancorp now owns 335 shares of the textile maker’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Arlington Partners LLC bought a new position in shares of Oxford Industries during the first quarter valued at about $64,000. Maverick Capital Ltd. bought a new position in shares of Oxford Industries during the first quarter valued at about $73,000. Captrust Financial Advisors lifted its position in shares of Oxford Industries by 466.2% during the first quarter. Captrust Financial Advisors now owns 2,259 shares of the textile maker’s stock valued at $197,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Oxford Industries during the first quarter valued at about $204,000. Institutional investors and hedge funds own 87.90% of the company’s stock.
A number of research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Oxford Industries from $103.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, June 10th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Thursday, June 10th. Citigroup lifted their price objective on shares of Oxford Industries from $90.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, June 10th. Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, June 10th. Finally, B. Riley lifted their price objective on shares of Oxford Industries from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, June 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Oxford Industries has an average rating of “Buy” and a consensus price target of $118.17.
OXM opened at $90.98 on Thursday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 74.93 and a beta of 1.82. The stock has a 50-day simple moving average of $96.69. Oxford Industries, Inc. has a twelve month low of $37.89 and a twelve month high of $114.47.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 8th. The textile maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.83. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate of $233.07 million. Oxford Industries had a negative net margin of 0.05% and a positive return on equity of 4.84%. The company’s revenue was up 65.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.12) earnings per share. Analysts anticipate that Oxford Industries, Inc. will post 5.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Friday, July 16th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, July 15th. This represents a $1.68 annualized dividend and a yield of 1.85%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.37. Oxford Industries’s payout ratio is currently -92.82%.
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; 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 and youth products under the Southern Tide brand.
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