Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in Oxford Industries, Inc. (NYSE:OXM) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,785 shares of the textile maker’s stock after selling 1,589 shares during the quarter. Clearbridge Investments LLC’s holdings in Oxford Industries were worth $13,218,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Oxford Industries by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock worth $48,738,000 after purchasing an additional 50,420 shares during the period. State Street Corp lifted its position in shares of Oxford Industries by 1.3% during the third quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock worth $48,549,000 after purchasing an additional 7,336 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Oxford Industries by 22.7% in the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after purchasing an additional 102,525 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Oxford Industries by 11.9% during the 4th quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock worth $37,778,000 after buying an additional 51,155 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OXM shares. Telsey Advisory Group dropped their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, UBS Group decreased 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, March 28th.

Insider Buying and Selling at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was 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 of the company’s stock, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.70% of the stock is currently owned by insiders.

Oxford Industries Stock Performance

NYSE:OXM opened at $60.87 on Thursday. The firm has a market capitalization of $955.72 million, a PE ratio of 68.39 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The business’s fifty day moving average price is $68.21 and its 200 day moving average price is $76.16. Oxford Industries, Inc. has a 12 month low of $53.23 and a 12 month high of $111.46.

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

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 4.53%. The ex-dividend date is Thursday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is currently 47.02%.

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.