3,463 Shares in Oxford Industries, Inc. (NYSE:OXM) Acquired by FORA Capital LLC

FORA Capital LLC bought a new position in Oxford Industries, Inc. (NYSE:OXM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,463 shares of the textile maker’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $28,000. Quarry LP raised its holdings in shares of Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Oxford Industries during the third quarter valued at approximately $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oxford Industries by 36.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after acquiring an additional 785 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Stock Performance

Oxford Industries stock opened at $83.17 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 45.70 and a beta of 1.55. The firm’s 50 day moving average price is $78.45 and its two-hundred day moving average price is $90.57. Oxford Industries, Inc. has a twelve month low of $72.24 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM) last released 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 company had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.45 EPS. Equities analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 annualized dividend and a yield of 3.22%. Oxford Industries’s dividend payout ratio is presently 147.25%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OXM. Telsey Advisory Group cut their price target on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Citigroup cut their price target on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Finally, UBS Group cut their price target on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Insiders Place Their Bets

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

Oxford Industries Profile

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.