Geode Capital Management LLC Has $29.05 Million Position in Oxford Industries, Inc. (NYSE:OXM)

Geode Capital Management LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 334,795 shares of the textile maker’s stock after buying an additional 2,584 shares during the quarter. Geode Capital Management LLC owned 2.13% of Oxford Industries worth $29,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted 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 worth $741,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Oxford Industries by 36.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock worth $295,000 after purchasing an additional 785 shares during the last quarter. IFG Advisory LLC bought a new stake in Oxford Industries during the second quarter worth approximately $742,000. Rhumbline Advisers grew its holdings in Oxford Industries by 1.5% during the second quarter. Rhumbline Advisers now owns 47,719 shares of the textile maker’s stock valued at $4,779,000 after purchasing an additional 725 shares during the last quarter. Finally, Foster & Motley Inc. raised its position in shares of Oxford Industries by 5.7% in the second quarter. Foster & Motley Inc. now owns 9,294 shares of the textile maker’s stock valued at $931,000 after purchasing an additional 499 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. 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 report on Friday, September 13th. UBS Group lowered their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th.

Oxford Industries Trading Down 1.1 %

Shares of OXM stock opened at $78.89 on Friday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 88.64 and a beta of 1.56. Oxford Industries, Inc. has a 1 year low of $72.24 and a 1 year high of $113.88. The firm’s fifty day simple moving average is $78.86 and its 200 day simple moving average is $87.08. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.67 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.40%. Oxford Industries’s dividend payout ratio is currently 301.12%.

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.