Franklin Resources Inc. Increases Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Franklin Resources Inc. grew its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,688 shares of the textile maker’s stock after purchasing an additional 527 shares during the quarter. Franklin Resources Inc.’s holdings in Oxford Industries were worth $667,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in OXM. Pacer Advisors Inc. acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $54,882,000. FMR LLC grew its position in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after purchasing an additional 244,022 shares during the last quarter. Millennium Management LLC increased its stake in Oxford Industries by 254.1% in 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. Victory Capital Management Inc. raised its holdings in shares of Oxford Industries by 31.6% in the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after buying an additional 156,634 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Oxford Industries by 22.7% during the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock worth $48,011,000 after buying an additional 102,525 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Performance

NYSE OXM opened at $77.81 on Monday. The business has a 50 day moving average price of $78.81 and a 200 day moving average price of $86.81. The company has a market capitalization of $1.22 billion, a P/E ratio of 87.43 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 company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.65.

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

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, January 17th. Oxford Industries’s payout ratio is currently 301.12%.

Analysts Set New Price Targets

Several research firms have recently commented on OXM. UBS Group cut their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, Citigroup lowered their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th.

Oxford Industries Company 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.