Inspire Investing LLC Has $353,000 Holdings in Oxford Industries, Inc. (NYSE:OXM)

Inspire Investing LLC boosted its holdings in Oxford Industries, Inc. (NYSE:OXM) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,520 shares of the textile maker’s stock after acquiring an additional 329 shares during the quarter. Inspire Investing LLC’s holdings in Oxford Industries were worth $353,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OXM. 1620 Investment Advisors Inc. acquired a new stake in Oxford Industries in the 2nd quarter valued at $28,000. Quest Partners LLC acquired a new stake in shares of Oxford Industries in the 4th quarter valued at $36,000. Natixis bought a new stake in shares of Oxford Industries in the 1st quarter worth about $109,000. SG Americas Securities LLC acquired a new stake in shares of Oxford Industries during the 1st quarter worth about $137,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Oxford Industries during the 1st quarter worth about $140,000. 91.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OXM. UBS Group decreased their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Citigroup dropped their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. Finally, Telsey Advisory Group reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Oxford Industries has an average rating of “Hold” and an average target price of $90.40.

Oxford Industries Price Performance

OXM opened at $86.54 on Monday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 35.04 and a beta of 1.53. The company’s 50 day simple moving average is $91.50 and its 200-day simple moving average is $100.32. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for 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%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 EPS. As a group, analysts anticipate that Oxford Industries, Inc. will post 7.15 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, October 18th. This represents a $2.68 annualized dividend and a yield of 3.10%. Oxford Industries’s dividend 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.