MML Investors Services LLC Reduces Stock Position in Oxford Industries, Inc. (NYSE:OXM)

MML Investors Services LLC decreased its position in Oxford Industries, Inc. (NYSE:OXM) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,453 shares of the textile maker’s stock after selling 418 shares during the quarter. MML Investors Services LLC’s holdings in Oxford Industries were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Oxford Industries in the second quarter valued at $54,882,000. FMR LLC boosted its stake in Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after buying an additional 244,022 shares during the last quarter. Millennium Management LLC grew its holdings in Oxford Industries by 254.1% in the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock valued at $26,681,000 after buying an additional 191,185 shares during the period. Victory Capital Management Inc. increased its stake in shares of Oxford Industries by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after acquiring an additional 156,634 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock worth $48,011,000 after acquiring an additional 102,525 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OXM has been the subject of a number of research analyst reports. UBS Group dropped their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Citigroup cut their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Trading Down 1.1 %

Shares of OXM opened at $78.89 on Friday. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88. The stock has a 50-day moving average price of $78.86 and a 200 day moving average price of $87.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 1.42. The company has a market capitalization of $1.24 billion, a P/E ratio of 88.64 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Sell-side analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.67 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.40%. Oxford Industries’s dividend payout ratio is currently 301.12%.

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.