Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 568,234 shares of the textile maker's stock after purchasing an additional 25,619 shares during the period. Charles Schwab Investment Management Inc. owned about 3.62% of Oxford Industries worth $49,300,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OXM. 1620 Investment Advisors Inc. purchased a new stake in Oxford Industries during the 2nd quarter worth about $28,000. Quarry LP lifted its stake in Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker's stock worth $48,000 after acquiring an additional 465 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker's stock valued at $136,000 after purchasing an additional 1,083 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Oxford Industries during the third quarter worth $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oxford Industries by 36.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker's stock worth $295,000 after acquiring an additional 785 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Insider Activity

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

OXM has been the subject of several research analyst reports. UBS Group lowered their target price 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. Telsey Advisory Group decreased their target price 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. Finally, Citigroup cut their price target on Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a research report on Friday, September 13th.

Oxford Industries Price Performance

Shares of NYSE:OXM traded up $0.20 during trading on Friday, reaching $83.17. The company had a trading volume of 226,998 shares, compared to its average volume of 287,465. The stock's fifty day moving average price is $78.38 and its 200 day moving average price is $90.27. Oxford Industries, Inc. has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 45.70 and a beta of 1.55.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.45 earnings per share. On average, equities analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid 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 dividend yield of 3.22%. Oxford Industries's dividend payout ratio (DPR) is presently 147.25%.

About Oxford Industries

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.