Principal Financial Group Inc. Trims Stake in Oxford Industries, Inc. (NYSE:OXM)

Principal Financial Group Inc. lowered its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,713 shares of the textile maker's stock after selling 10,413 shares during the period. Principal Financial Group Inc. owned 0.44% of Oxford Industries worth $6,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OXM. Quarry LP boosted its stake in Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker's stock valued at $48,000 after purchasing an additional 465 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Oxford Industries by 223.3% during the third 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 during the period. M&T Bank Corp purchased a new position in Oxford Industries during the third quarter valued at approximately $206,000. Verity Asset Management Inc. purchased a new position in Oxford Industries during the third quarter valued at approximately $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oxford Industries by 36.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker's stock worth $295,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Price Performance

NYSE OXM traded down $0.21 during trading on Thursday, hitting $78.57. 221,579 shares of the stock traded hands, compared to its average volume of 288,655. The company has a market capitalization of $1.23 billion, a P/E ratio of 88.28 and a beta of 1.56. Oxford Industries, Inc. has a 12-month low of $72.24 and a 12-month high of $113.88. The firm has a 50-day simple moving average of $78.88 and a 200-day simple moving average of $86.33. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.

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 for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. During the same quarter in the prior year, the firm posted $1.01 EPS. The company's revenue for the quarter was down 5.7% on a year-over-year basis. As a group, analysts predict 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 $0.67 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.68 annualized dividend and a yield of 3.41%. Oxford Industries's dividend payout ratio is currently 301.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OXM. Telsey Advisory Group restated a "market perform" rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research report on Friday, September 13th. Finally, UBS Group decreased their target price on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, December 12th.

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.