Creative Planning Acquires 219 Shares of Oxford Industries, Inc. (NYSE:OXM)

Creative Planning lifted its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 6.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,885 shares of the textile maker’s stock after acquiring an additional 219 shares during the period. Creative Planning’s holdings in Oxford Industries were worth $337,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after purchasing an additional 4,869 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Oxford Industries in the second quarter worth about $54,882,000. Victory Capital Management Inc. raised its stake in shares of Oxford Industries by 21.7% in the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after acquiring an additional 88,345 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Oxford Industries by 18.2% in the first quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker’s stock worth $41,719,000 after acquiring an additional 57,117 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Oxford Industries by 25.1% in the second quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker’s stock worth $36,248,000 after acquiring an additional 72,605 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Citigroup lowered their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Telsey Advisory Group lowered their target price on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th.

Insider Buying and Selling

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

Oxford Industries Trading Down 1.1 %

Shares of OXM opened at $76.99 on Friday. Oxford Industries, Inc. has a 12 month low of $72.24 and a 12 month high of $113.88. The firm has a fifty day simple moving average of $80.27 and a 200 day simple moving average of $93.45. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 42.30 and a beta of 1.55.

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

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s dividend payout ratio is 147.25%.

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.