Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,291 shares of the textile maker's stock after purchasing an additional 8,500 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Oxford Industries worth $3,235,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. 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 position in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker's stock worth $78,633,000 after acquiring an additional 244,022 shares during the last quarter. Millennium Management LLC grew its holdings in Oxford Industries by 254.1% in the second quarter. Millennium Management LLC now owns 266,412 shares of the textile maker's stock valued at $26,681,000 after purchasing an additional 191,185 shares during the period. Victory Capital Management Inc. increased its position in Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker's stock worth $56,631,000 after purchasing an additional 156,634 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Oxford Industries by 22.7% during the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker's stock worth $48,011,000 after purchasing an additional 102,525 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Trading Down 1.5 %

Shares of Oxford Industries stock traded down $1.31 during trading hours on Monday, hitting $85.30. The company's stock had a trading volume of 269,663 shares, compared to its average volume of 305,371. The business has a fifty day moving average of $81.15 and a 200 day moving average of $84.92. Oxford Industries, Inc. has a 1-year low of $72.24 and a 1-year high of $113.88. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.34 billion, a PE ratio of 95.84 and a beta of 1.56.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, January 17th. Oxford Industries's dividend payout ratio (DPR) is presently 301.13%.

Wall Street Analyst Weigh In

OXM has been the subject of several research reports. UBS Group lowered their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group reissued a "market perform" rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares of the company's stock, valued at $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by company 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.