Peregrine Capital Management LLC trimmed its holdings in Oxford Industries Inc (NYSE:OXM) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,697 shares of the textile maker’s stock after selling 354 shares during the period. Peregrine Capital Management LLC owned 0.54% of Oxford Industries worth $6,901,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in shares of Oxford Industries by 74.9% in the third quarter. Deutsche Bank AG now owns 120,439 shares of the textile maker’s stock valued at $10,862,000 after buying an additional 51,576 shares during the last quarter. Gotham Asset Management LLC lifted its position in shares of Oxford Industries by 1,168.7% in the fourth quarter. Gotham Asset Management LLC now owns 29,154 shares of the textile maker’s stock valued at $2,071,000 after buying an additional 26,856 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Oxford Industries by 33.9% in the third quarter. Riverhead Capital Management LLC now owns 2,765 shares of the textile maker’s stock valued at $250,000 after buying an additional 700 shares during the last quarter. Foresters Investment Management Company Inc. lifted its position in shares of Oxford Industries by 11.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 258,200 shares of the textile maker’s stock valued at $18,343,000 after buying an additional 26,800 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Oxford Industries by 7.0% in the fourth quarter. Brown Advisory Inc. now owns 14,623 shares of the textile maker’s stock valued at $1,039,000 after buying an additional 963 shares during the last quarter. 93.41% of the stock is owned by institutional investors.
OXM has been the subject of a number of recent analyst reports. Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. CL King initiated coverage on Oxford Industries in a research report on Friday, December 28th. They issued a “buy” rating and a $80.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.00.
NYSE:OXM opened at $79.26 on Tuesday. The company has a market cap of $1.32 billion, a P/E ratio of 18.35, a PEG ratio of 1.71 and a beta of 0.30. The company has a quick ratio of 0.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. Oxford Industries Inc has a 1-year low of $63.50 and a 1-year high of $97.19.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The business had revenue of $298.54 million during the quarter, compared to analysts’ expectations of $301.84 million. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. As a group, equities research analysts forecast that Oxford Industries Inc will post 4.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 18th will be issued a dividend of $0.37 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is presently 31.48%.
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Oxford Industries Profile
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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