Principal Financial Group Inc. lessened its holdings in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,713 shares of the textile maker’s stock after selling 10,413 shares during the period. Principal Financial Group Inc. owned 0.44% of Oxford Industries worth $6,048,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Oxford Industries during the 2nd quarter worth about $28,000. Quarry LP lifted its holdings in shares of Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after acquiring an additional 465 shares during the period. Natixis acquired a new stake in shares of Oxford Industries in the first quarter worth approximately $109,000. SG Americas Securities LLC purchased a new stake in Oxford Industries in the first quarter valued at approximately $137,000. Finally, Truvestments Capital LLC acquired a new position in Oxford Industries during the first quarter worth approximately $209,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.
Oxford Industries Price Performance
Oxford Industries stock opened at $74.65 on Thursday. The stock has a market capitalization of $1.17 billion, a PE ratio of 41.02 and a beta of 1.55. The firm has a 50 day simple moving average of $79.06 and a 200-day simple moving average of $91.63. Oxford Industries, Inc. has a 12-month low of $72.24 and a 12-month high of $113.88.
Oxford Industries Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.59%. Oxford Industries’s payout ratio is presently 147.25%.
Analyst Ratings Changes
OXM has been the subject of a number of research reports. Telsey Advisory Group lowered their price target on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Citigroup decreased their price target on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Finally, UBS Group decreased their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.
Insider Activity
In other 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 transaction of $129,721.15. Following the completion of the sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. The trade was a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.
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.
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