Clearbridge Investments LLC Purchases 3,502 Shares of Oxford Industries, Inc. (NYSE:OXM)

Clearbridge Investments LLC grew its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 2.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 144,935 shares of the textile maker’s stock after buying an additional 3,502 shares during the quarter. Clearbridge Investments LLC owned 0.93% of Oxford Industries worth $16,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OXM. Vanguard Group Inc. boosted its holdings in Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares during the period. William Blair Investment Management LLC lifted its position in shares of Oxford Industries by 18.2% during the first quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker’s stock worth $41,719,000 after purchasing an additional 57,117 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Oxford Industries by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,012 shares of the textile maker’s stock valued at $339,000 after purchasing an additional 207 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Oxford Industries by 162.1% in the first quarter. Russell Investments Group Ltd. now owns 5,268 shares of the textile maker’s stock worth $592,000 after purchasing an additional 3,258 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Oxford Industries by 26.0% in the 1st quarter. Sei Investments Co. now owns 15,212 shares of the textile maker’s stock worth $1,710,000 after buying an additional 3,135 shares during the period. Institutional investors own 91.16% of the company’s stock.

Insider Activity

In other news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares in the company, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Oxford Industries in a research note on Thursday, June 13th. Citigroup reduced their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research note on Thursday, June 13th. Finally, UBS Group reduced their price target on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.20.

Oxford Industries Stock Down 1.6 %

Oxford Industries stock traded down $1.63 during midday trading on Wednesday, hitting $99.03. 274,472 shares of the company’s stock were exchanged, compared to its average volume of 237,377. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. Oxford Industries, Inc. has a 12 month low of $82.33 and a 12 month high of $113.88. The firm has a 50-day moving average of $102.46 and a two-hundred day moving average of $102.78. The company has a market cap of $1.55 billion, a PE ratio of 40.75 and a beta of 1.54.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The business had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. During the same quarter in the previous year, the company earned $3.78 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. As a group, analysts expect that Oxford Industries, Inc. will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, July 19th. Oxford Industries’s payout ratio is 108.50%.

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.