Oxford Industries, Inc. (NYSE:OXM) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,713 shares of the textile maker's stock after selling 10,413 shares during the quarter. Principal Financial Group Inc. owned 0.44% of Oxford Industries worth $6,048,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OXM. Pacer Advisors Inc. purchased a new position in shares of Oxford Industries in the 2nd quarter worth about $54,882,000. Millennium Management LLC raised its holdings in shares of Oxford Industries by 254.1% during the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker's stock valued at $26,681,000 after buying an additional 191,185 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of Oxford Industries during the 2nd quarter valued at about $10,040,000. Victory Capital Management Inc. raised its holdings in shares of Oxford Industries by 21.7% during the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker's stock valued at $49,684,000 after buying an additional 88,345 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Oxford Industries by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker's stock valued at $36,248,000 after buying an additional 72,605 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Trading Down 1.2 %

Shares of OXM opened at $74.65 on Thursday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 41.02 and a beta of 1.55. The stock has a 50 day moving average of $79.06 and a 200-day moving average of $91.63. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last issued 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). The firm had revenue of $419.89 million during 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%. Oxford Industries's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.45 EPS. On average, sell-side analysts predict that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries's dividend payout ratio (DPR) is 147.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OXM. Citigroup lowered their price objective on Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research note on Friday, September 13th. UBS Group lowered their price objective on Oxford Industries from $101.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Finally, Telsey Advisory Group lowered their price objective on Oxford Industries from $110.00 to $86.00 and set a "market perform" rating for the company in a research note on Thursday, September 12th.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now owns 31,428 shares of the company's stock, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company's stock.

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.