Principal Financial Group Inc. Has $5.66 Million Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Principal Financial Group Inc. increased its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,850 shares of the textile maker’s stock after purchasing an additional 2,137 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Oxford Industries worth $5,660,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after acquiring an additional 160 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares during the period. M&T Bank Corp bought a new position in Oxford Industries during the 3rd quarter worth about $206,000. Verity Asset Management Inc. acquired a new stake in shares of Oxford Industries in the 3rd quarter valued at about $233,000. Finally, FORA Capital LLC bought a new stake in shares of Oxford Industries in the third quarter valued at about $300,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th. UBS Group reduced their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th.

Oxford Industries Stock Down 3.0 %

Shares of OXM stock opened at $60.17 on Tuesday. The firm’s fifty day moving average price is $78.21 and its two-hundred day moving average price is $80.03. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 1 year low of $59.82 and a 1 year high of $113.88. The firm has a market capitalization of $944.78 million, a P/E ratio of 67.61 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last released its earnings results 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). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. During the same period in the prior year, the firm posted $1.01 EPS. Oxford Industries’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts predict 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 was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries’s payout ratio is presently 301.12%.

Insider Activity at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by company insiders.

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.