US Bancorp DE Sells 2,221 Shares of Oxford Industries, Inc. (NYSE:OXM)

US Bancorp DE lessened its holdings in Oxford Industries, Inc. (NYSE:OXM) by 41.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,192 shares of the textile maker’s stock after selling 2,221 shares during the quarter. US Bancorp DE’s holdings in Oxford Industries were worth $277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 1620 Investment Advisors Inc. bought a new stake in shares of Oxford Industries in the 2nd quarter worth about $28,000. Quarry LP grew its holdings in shares of Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares during the last quarter. Natixis bought a new stake in shares of Oxford Industries in the 1st quarter worth about $109,000. SG Americas Securities LLC bought a new stake in shares of Oxford Industries in the 1st quarter worth about $137,000. Finally, Truvestments Capital LLC bought a new stake in shares of Oxford Industries in the 1st quarter worth about $209,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $78.27 on Thursday. The firm has a fifty day moving average of $79.80 and a two-hundred day moving average of $92.77. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 43.01 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.

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

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s dividend payout ratio is 147.25%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now 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 document filed with the SEC, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.

Oxford Industries Company 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.