5,245 Shares in Oxford Industries, Inc. (NYSE:OXM) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,245 shares of the textile maker’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OXM. Venturi Wealth Management LLC bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $63,000. Blue Trust Inc. boosted its holdings in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after buying an additional 160 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Oxford Industries in the 4th quarter worth about $100,000. Truvestments Capital LLC increased its stake in shares of Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after acquiring an additional 326 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Oxford Industries during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Down 0.2 %

Shares of Oxford Industries stock opened at $58.85 on Tuesday. The company has a 50-day simple moving average of $69.20 and a two-hundred day simple moving average of $76.45. Oxford Industries, Inc. has a 52-week low of $53.23 and a 52-week high of $111.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The stock has a market capitalization of $923.93 million, a PE ratio of 66.12 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. On average, analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.69%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is presently 47.02%.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group cut their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research report on Friday. Finally, UBS Group lowered their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday.

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.