PNC Financial Services Group Inc. Reduces Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

PNC Financial Services Group Inc. lessened its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 26.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,389 shares of the textile maker’s stock after selling 1,197 shares during the period. PNC Financial Services Group Inc.’s holdings in Oxford Industries were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. SummerHaven Investment Management LLC raised its stake in shares of Oxford Industries by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock valued at $702,000 after acquiring an additional 109 shares during the period. QRG Capital Management Inc. lifted its stake in Oxford Industries by 12.0% in the fourth quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock worth $295,000 after purchasing an additional 315 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at approximately $36,000. Yousif Capital Management LLC grew its stake in shares of Oxford Industries by 6.1% during the fourth quarter. Yousif Capital Management LLC now owns 7,797 shares of the textile maker’s stock valued at $780,000 after buying an additional 451 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of Oxford Industries by 23.7% in the third quarter. Alps Advisors Inc. now owns 3,540 shares of the textile maker’s stock worth $340,000 after buying an additional 679 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oxford Industries

In other news, CEO Douglas B. Wood sold 33,587 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the transaction, the chief executive officer now owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas E. Campbell sold 17,540 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

Oxford Industries Price Performance

OXM opened at $100.15 on Friday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 40.55 and a beta of 1.55. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. Oxford Industries, Inc. has a 12-month low of $82.33 and a 12-month high of $113.88. The business’s fifty day simple moving average is $105.25 and its 200-day simple moving average is $102.86.

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

Oxford Industries Announces Dividend

The business 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. The ex-dividend date is Friday, July 19th. This represents a $2.68 dividend on an annualized basis and a yield of 2.68%. Oxford Industries’s dividend payout ratio is currently 108.50%.

Analysts Set New Price Targets

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

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.