Louisiana State Employees Retirement System Sells 300 Shares of Oxford Industries, Inc. (NYSE:OXM)

Louisiana State Employees Retirement System lessened its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,100 shares of the textile maker’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Oxford Industries were worth $616,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Creative Planning lifted its holdings in shares of Oxford Industries by 6.0% during the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock valued at $337,000 after purchasing an additional 219 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Oxford Industries by 34.8% during the 3rd quarter. Inspire Investing LLC now owns 4,746 shares of the textile maker’s stock valued at $412,000 after purchasing an additional 1,226 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Oxford Industries by 54.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 5,126 shares of the textile maker’s stock valued at $445,000 after purchasing an additional 1,800 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Oxford Industries by 5.8% during the 3rd quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock valued at $378,000 after purchasing an additional 240 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Oxford Industries during the 2nd quarter valued at about $386,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

NYSE OXM opened at $75.21 on Wednesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 41.32 and a beta of 1.55. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88. The stock’s 50 day moving average price is $80.92 and its two-hundred day moving average price is $94.07.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23). The company had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $3.45 EPS. On average, equities research analysts forecast that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is 147.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group cut their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group cut their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by 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.