Fmr LLC Has $78.63 Million Stake in Oxford Industries, Inc. (NYSE:OXM)

FMR LLC grew its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 36.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,324 shares of the textile maker's stock after acquiring an additional 244,022 shares during the period. FMR LLC owned about 5.78% of Oxford Industries worth $78,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its position in shares of Oxford Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker's stock valued at $741,000 after buying an additional 100 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Oxford Industries by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker's stock valued at $726,000 after purchasing an additional 141 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Oxford Industries by 4.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker's stock worth $336,000 after buying an additional 150 shares during the last quarter. Creative Planning increased its position in Oxford Industries by 6.0% in the third quarter. Creative Planning now owns 3,885 shares of the textile maker's stock worth $337,000 after buying an additional 219 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Oxford Industries by 5.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker's stock valued at $378,000 after acquiring an additional 240 shares during the period. Institutional investors own 91.16% of the company's stock.

Oxford Industries Stock Down 0.2 %

Oxford Industries stock traded down $0.14 during trading hours on Friday, hitting $79.85. 199,723 shares of the company traded hands, compared to its average volume of 274,896. Oxford Industries, Inc. has a 1-year low of $72.24 and a 1-year high of $113.88. The firm has a market cap of $1.25 billion, a P/E ratio of 43.93 and a beta of 1.56. The firm's 50-day simple moving average is $78.00 and its two-hundred day simple moving average is $89.69.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 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 firm had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. During the same period in the previous year, the firm earned $3.45 EPS. Oxford Industries's revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Oxford Industries, Inc. will post 7.16 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.36%. The ex-dividend date was Friday, October 18th. Oxford Industries's dividend payout ratio (DPR) is presently 147.25%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OXM. Citigroup dropped their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a report on Friday, September 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $86.00 price target on shares of Oxford Industries in a report on Wednesday. Finally, UBS Group decreased their price objective on Oxford Industries from $101.00 to $91.00 and set a "neutral" rating for the company in a report on Thursday, September 5th.

Insider Buying and Selling at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the business's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares of the company's stock, valued at $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by corporate insiders.

Oxford Industries 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.