Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 92.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500 shares of the textile maker's stock after selling 6,000 shares during the quarter. Canada Pension Plan Investment Board's holdings in Oxford Industries were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OXM. Sanctuary Advisors LLC increased its holdings in shares of Oxford Industries by 3.7% in the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. increased its stake in 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 purchasing an additional 160 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after purchasing an additional 326 shares during the period. Inspire Investing LLC boosted its holdings in shares of Oxford Industries by 7.2% in the 4th quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker's stock valued at $401,000 after buying an additional 343 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Price Performance

NYSE OXM opened at $51.90 on Monday. The company has a 50 day simple moving average of $57.32 and a 200-day simple moving average of $71.76. Oxford Industries, Inc. has a 52-week low of $42.12 and a 52-week high of $111.46. The firm has a market capitalization of $771.49 million, a price-to-earnings ratio of 58.32 and a beta of 1.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same period in the prior year, the firm posted $1.90 EPS. The business's revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid 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 is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 5.32%. Oxford Industries's dividend payout ratio is presently 47.02%.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now directly 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 filing with the SEC, which is accessible through this link. Insiders own 5.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on OXM. Citigroup dropped their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a report on Monday, April 7th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. UBS Group reduced their price objective on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Telsey Advisory Group lowered their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd.

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.

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