Ritholtz Wealth Management Lowers Holdings in Oxford Industries, Inc. (NYSE:OXM)

Ritholtz Wealth Management lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,426 shares of the textile maker’s stock after selling 254 shares during the period. Ritholtz Wealth Management’s holdings in Oxford Industries were worth $443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IFG Advisory LLC purchased a new position in Oxford Industries during the second quarter valued at approximately $742,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Oxford Industries by 36.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 785 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $10,040,000. Louisiana State Employees Retirement System boosted its holdings in Oxford Industries by 1.4% during 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 in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Oxford Industries by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker’s stock valued at $726,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Activity

In related news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now directly owns 24,865 shares in the company, valued at $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research report on Thursday, June 13th. Citigroup dropped their price objective on Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Oxford Industries currently has a consensus rating of “Hold” and an average target price of $103.20.

Oxford Industries Trading Down 2.2 %

Shares of Oxford Industries stock opened at $85.41 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. Oxford Industries, Inc. has a twelve month low of $82.33 and a twelve month high of $113.88. The firm has a market capitalization of $1.34 billion, a PE ratio of 34.58 and a beta of 1.53. The firm’s 50-day moving average price is $94.86 and its 200 day moving average price is $101.64.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm had revenue of $398.18 million for the quarter, compared to analyst estimates of $404.81 million. During the same period in the previous year, the company earned $3.78 EPS. Oxford Industries’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Oxford Industries, Inc. will post 8.8 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, July 19th. Oxford Industries’s dividend payout ratio (DPR) is 108.50%.

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.