State Board of Administration of Florida Retirement System Raises Holdings in Oxford Industries, Inc. (OXM)
State Board of Administration of Florida Retirement System boosted its position in Oxford Industries, Inc. (NYSE:OXM) by 36.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,576 shares of the textile maker’s stock after buying an additional 2,294 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.05% of Oxford Industries worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. QS Investors LLC boosted its stake in Oxford Industries by 0.4% in the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock worth $227,000 after buying an additional 15 shares in the last quarter. Alps Advisors Inc. boosted its stake in Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after buying an additional 23 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares in the last quarter. Arizona State Retirement System boosted its stake in Oxford Industries by 1.3% in the second quarter. Arizona State Retirement System now owns 7,855 shares of the textile maker’s stock worth $491,000 after buying an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Oxford Industries by 1.4% in the second quarter. Texas Permanent School Fund now owns 10,956 shares of the textile maker’s stock worth $685,000 after buying an additional 150 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.
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Shares of Oxford Industries, Inc. (NYSE:OXM) opened at $66.04 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 0.70. Oxford Industries, Inc. has a 12-month low of $49.50 and a 12-month high of $76.19. The firm has a market capitalization of $1,099.63, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.80 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Oxford Industries had a return on equity of 22.81% and a net margin of 7.97%. The firm had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same quarter in the previous year, the company posted $1.48 earnings per share. The business’s revenue was up .6% on a year-over-year basis. equities research analysts forecast that Oxford Industries, Inc. will post 3.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.64%. Oxford Industries’s payout ratio is currently 37.37%.
Several brokerages have issued reports on OXM. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Friday, September 15th. BidaskClub lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. FBR & Co reaffirmed a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. Finally, Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the stock a “buy” rating in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and a consensus target price of $66.78.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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