Algert Global LLC Has $2.40 Million Holdings in Oxford Industries, Inc. (OXM)
Algert Global LLC boosted its stake in Oxford Industries, Inc. (NYSE:OXM) by 740.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,706 shares of the textile maker’s stock after acquiring an additional 33,217 shares during the quarter. Algert Global LLC owned about 0.22% of Oxford Industries worth $2,396,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its holdings in Oxford Industries by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 65,365 shares of the textile maker’s stock worth $4,153,000 after acquiring an additional 7,065 shares during the period. Vident Investment Advisory LLC purchased a new position in Oxford Industries in the 3rd quarter worth approximately $1,869,000. King Luther Capital Management Corp boosted its holdings in Oxford Industries by 41.7% in the 3rd quarter. King Luther Capital Management Corp now owns 45,225 shares of the textile maker’s stock worth $2,874,000 after acquiring an additional 13,320 shares during the period. Invictus RG boosted its holdings in Oxford Industries by 41.5% in the 3rd quarter. Invictus RG now owns 4,384 shares of the textile maker’s stock worth $279,000 after acquiring an additional 1,285 shares during the period. Finally, OxFORD Asset Management LLP purchased a new position in Oxford Industries in the 3rd quarter worth approximately $1,379,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.
Shares of Oxford Industries, Inc. (OXM) traded down $0.42 on Friday, hitting $70.34. The company’s stock had a trading volume of 159,300 shares, compared to its average volume of 162,768. Oxford Industries, Inc. has a one year low of $49.50 and a one year high of $73.62. The firm has a market cap of $1,191.12, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.99.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The company had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. During the same period in the prior year, the company posted ($0.07) EPS. Oxford Industries’s quarterly revenue was up 6.2% on a year-over-year basis. analysts anticipate that Oxford Industries, Inc. will post 3.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is currently 35.41%.
A number of research firms have weighed in on OXM. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Friday, December 8th. SunTrust Banks reaffirmed a “buy” rating on shares of Oxford Industries in a research report on Thursday, December 7th. Telsey Advisory Group upped their target price on Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, November 30th. Needham & Company LLC lowered Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Friday, December 1st. They noted that the move was a valuation call. Finally, DA Davidson set a $71.00 target price on Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $71.20.
In related news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the sale, the director now directly owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.29% of the company’s stock.
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.
Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries, Inc. (NYSE:OXM).
Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.