Norges Bank Makes New $2.27 Million Investment in Oxford Industries, Inc. (NYSE:OXM)

Norges Bank acquired a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,831 shares of the textile maker's stock, valued at approximately $2,271,000. Norges Bank owned 0.18% of Oxford Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries in the 4th quarter valued at $63,000. Blue Trust Inc. raised its stake in shares of Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after acquiring an additional 160 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Oxford Industries in the fourth quarter valued at about $100,000. Truvestments Capital LLC boosted its stake in shares of Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after purchasing an additional 326 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Oxford Industries during the 3rd quarter worth about $206,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Performance

Shares of OXM traded down $3.71 during trading hours on Tuesday, hitting $45.70. The stock had a trading volume of 574,872 shares, compared to its average volume of 353,840. The stock has a fifty day moving average price of $62.14 and a 200 day moving average price of $73.75. The firm has a market capitalization of $679.39 million, a PE ratio of 51.35 and a beta of 1.40. Oxford Industries, Inc. has a 12 month low of $44.40 and a 12 month high of $111.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

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Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 earnings per share. Analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a dividend of $0.69 per share. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 6.04%. Oxford Industries's dividend payout ratio (DPR) is 47.02%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Telsey Advisory Group decreased their price objective on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, March 24th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Citigroup decreased their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Finally, UBS Group dropped their price objective on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt bought 1,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by 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.