Arizona State Retirement System reduced its stake in shares of Oxford Industries Inc (NYSE:OXM) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,656 shares of the textile maker’s stock after selling 1,925 shares during the quarter. Arizona State Retirement System owned about 0.15% of Oxford Industries worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Oxford Industries during the 2nd quarter valued at approximately $224,000. Amalgamated Bank purchased a new stake in Oxford Industries during the 2nd quarter valued at approximately $226,000. Xact Kapitalforvaltning AB purchased a new stake in Oxford Industries during the 1st quarter valued at approximately $213,000. Brinker Capital Inc. purchased a new stake in Oxford Industries during the 1st quarter valued at approximately $231,000. Finally, Quadrature Capital Ltd purchased a new stake in Oxford Industries during the 1st quarter valued at approximately $252,000. 90.23% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. B. Riley raised their target price on shares of Oxford Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, June 13th. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. KeyCorp raised their target price on shares of Oxford Industries from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, June 13th. Finally, DA Davidson reissued a “buy” rating and issued a $107.00 target price (up from $91.00) on shares of Oxford Industries in a report on Thursday, June 7th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.33.
OXM stock opened at $90.93 on Friday. Oxford Industries Inc has a fifty-two week low of $58.91 and a fifty-two week high of $97.19. The company has a quick ratio of 1.06, a current ratio of 2.25 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.58 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.21.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 12th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. Oxford Industries had a net margin of 6.30% and a return on equity of 15.17%. The firm had revenue of $272.63 million during the quarter, compared to analyst estimates of $273.60 million. During the same period last year, the firm posted $1.12 earnings per share. Oxford Industries’s revenue for the quarter was up .1% compared to the same quarter last year. analysts predict that Oxford Industries Inc will post 4.59 earnings per share for the current year.
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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