T. Rowe Price Investment Management Inc. Sells 142,251 Shares of Oxford Industries, Inc. (NYSE:OXM)

T. Rowe Price Investment Management Inc. lowered its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 46.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,497 shares of the textile maker's stock after selling 142,251 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.06% of Oxford Industries worth $13,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OXM. Price T Rowe Associates Inc. MD increased its holdings in shares of Oxford Industries by 12.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,275 shares of the textile maker's stock valued at $652,000 after acquiring an additional 925 shares in the last quarter. Southernsun Asset Management LLC bought a new stake in Oxford Industries during the 4th quarter valued at $20,308,000. MetLife Investment Management LLC raised its holdings in Oxford Industries by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 9,028 shares of the textile maker's stock worth $711,000 after buying an additional 512 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after buying an additional 103,253 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Oxford Industries by 105.7% in the fourth quarter. First Trust Advisors LP now owns 17,359 shares of the textile maker's stock valued at $1,368,000 after buying an additional 8,920 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $51.90 on Monday. The company has a market capitalization of $771.49 million, a PE ratio of 58.32 and a beta of 1.40. 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 stock's 50 day moving average price is $57.32 and its 200-day moving average price is $71.76. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business's revenue was down 3.4% on a year-over-year basis. On average, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.69 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.32%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is presently 47.02%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is currently owned by insiders.

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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