Texas Permanent School Fund Corp Buys 278 Shares of Oxford Industries, Inc. (NYSE:OXM)

Texas Permanent School Fund Corp increased its stake in Oxford Industries, Inc. (NYSE:OXM) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,132 shares of the textile maker’s stock after purchasing an additional 278 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Oxford Industries worth $1,315,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Oxford Industries by 0.3% in the first 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 last quarter. Dimensional Fund Advisors LP grew its position in Oxford Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock valued at $73,507,000 after acquiring an additional 5,767 shares during the last quarter. Victory Capital Management Inc. grew its position in Oxford Industries by 21.7% in the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock valued at $49,684,000 after acquiring an additional 88,345 shares during the last quarter. Wellington Management Group LLP grew its position in Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after acquiring an additional 29,493 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake 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 valued at $41,719,000 after purchasing an additional 57,117 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OXM. Telsey Advisory Group cut their price target on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Citigroup cut their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group cut their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.40.

Oxford Industries Price Performance

Oxford Industries stock opened at $87.27 on Friday. The stock’s 50 day moving average is $92.07 and its 200 day moving average is $100.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.27 and a quick ratio of 0.68. The firm has a market cap of $1.37 billion, a P/E ratio of 35.49 and a beta of 1.53. Oxford Industries, Inc. has a one year low of $74.95 and a one year high of $113.88.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 21.93% and a net margin of 1.92%. Oxford Industries’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 earnings per share. As a group, research analysts expect that Oxford Industries, Inc. will post 7.15 EPS for the current year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.07%. Oxford Industries’s payout ratio is currently 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.