Harbor Capital Advisors Inc. Purchases 721 Shares of Oxford Industries, Inc. (NYSE:OXM)

Harbor Capital Advisors Inc. raised its position in Oxford Industries, Inc. (NYSE:OXM) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,853 shares of the textile maker’s stock after purchasing an additional 721 shares during the period. Harbor Capital Advisors Inc.’s holdings in Oxford Industries were worth $461,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after buying an additional 244,022 shares in the last quarter. Victory Capital Management Inc. increased its stake in Oxford Industries by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after acquiring an additional 156,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock valued at $49,300,000 after acquiring an additional 25,619 shares in the last quarter. State Street Corp boosted its position in shares of Oxford Industries by 1.3% during the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after acquiring an additional 7,336 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 purchasing an additional 102,525 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Stock Performance

NYSE:OXM opened at $86.07 on Wednesday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 96.71 and a beta of 1.56. The business has a 50 day moving average of $80.40 and a 200 day moving average of $85.29. 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, Inc. has a 1-year low of $72.24 and a 1-year high of $113.88.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (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 analysts’ expectations 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 for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, January 17th. Oxford Industries’s dividend payout ratio is presently 301.12%.

Wall Street Analyst Weigh In

OXM has been the subject of several research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research report on Wednesday, December 4th. UBS Group dropped their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th.

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.