Cerity Partners LLC Boosts Stake in Oxford Industries, Inc. (NYSE:OXM)

Cerity Partners LLC lifted its holdings in Oxford Industries, Inc. (NYSE:OXM) by 25.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,644 shares of the textile maker’s stock after purchasing an additional 2,167 shares during the period. Cerity Partners LLC owned about 0.07% of Oxford Industries worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its position in shares of Oxford Industries by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker’s stock valued at $741,000 after buying an additional 100 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Oxford Industries by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker’s stock valued at $726,000 after acquiring an additional 141 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Oxford Industries by 4.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock worth $336,000 after acquiring an additional 150 shares in the last quarter. Creative Planning raised its position in Oxford Industries by 6.0% during the third quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock worth $337,000 after acquiring an additional 219 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Oxford Industries by 5.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock valued at $378,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Down 1.6 %

Shares of NYSE OXM opened at $79.99 on Friday. The firm has a 50-day simple moving average of $78.12 and a 200-day simple moving average of $89.75. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 44.67 and a beta of 1.56. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88.

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 analysts’ consensus estimates of $3.00 by ($0.23). The business had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.45 EPS. As a group, equities research analysts expect that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s payout ratio is currently 147.25%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group cut their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Citigroup cut their price objective on 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 restated a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a research report on Wednesday.

Insiders Place Their Bets

In other news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.70% of the company’s stock.

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.