Clearbridge Investments LLC Sells 2,941 Shares of Oxford Industries, Inc. (NYSE:OXM)

Clearbridge Investments LLC reduced its stake in Oxford Industries, Inc. (NYSE:OXM) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,994 shares of the textile maker’s stock after selling 2,941 shares during the period. Clearbridge Investments LLC owned 0.91% of Oxford Industries worth $14,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OXM. Pacer Advisors Inc. acquired a new position in shares of Oxford Industries during the second quarter valued at about $54,882,000. Millennium Management LLC raised its holdings in shares of Oxford Industries by 254.1% during the second quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock valued at $26,681,000 after purchasing an additional 191,185 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Oxford Industries in the 2nd quarter worth about $10,040,000. Victory Capital Management Inc. raised its holdings in shares of Oxford Industries by 21.7% in the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after acquiring an additional 88,345 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Oxford Industries by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker’s stock worth $36,248,000 after acquiring an additional 72,605 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Down 1.2 %

Oxford Industries stock opened at $76.72 on Friday. Oxford Industries, Inc. has a twelve month low of $74.95 and a twelve month high of $113.88. The firm has a 50 day moving average price of $88.55 and a 200-day moving average price of $99.07. The company has a market capitalization of $1.20 billion, a P/E ratio of 31.06 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The business had revenue of $419.89 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $3.45 earnings per share. Equities analysts expect that Oxford Industries, Inc. will post 7.15 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio is presently 108.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OXM. UBS Group lowered their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Citigroup decreased their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oxford Industries currently has a consensus rating of “Hold” and an average target price of $90.40.

Insiders Place Their Bets

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

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.