Vident Investment Advisory LLC Has $3 Million Position in Oxford Industries Inc (OXM)
Vident Investment Advisory LLC boosted its stake in Oxford Industries Inc (NYSE:OXM) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 36,109 shares of the textile maker’s stock after buying an additional 2,138 shares during the quarter. Vident Investment Advisory LLC’s holdings in Oxford Industries were worth $2,997,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OXM. Itau Unibanco Holding S.A. purchased a new stake in Oxford Industries in the 2nd quarter valued at $100,000. Xact Kapitalforvaltning AB purchased a new stake in Oxford Industries in the 1st quarter valued at $213,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Oxford Industries in the 2nd quarter valued at $224,000. Amalgamated Bank purchased a new stake in Oxford Industries in the 2nd quarter valued at $226,000. Finally, Brinker Capital Inc. purchased a new stake in Oxford Industries in the 1st quarter valued at $231,000. 89.85% of the stock is owned by institutional investors and hedge funds.
Shares of Oxford Industries stock opened at $89.59 on Friday. Oxford Industries Inc has a 1 year low of $58.98 and a 1 year high of $97.19. The firm has a market cap of $1.53 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.21. The company has a quick ratio of 1.06, a current ratio of 2.25 and a debt-to-equity ratio of 0.16.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.52%. Oxford Industries’s payout ratio is 37.16%.
Several brokerages have recently issued reports on OXM. KeyCorp raised their target price on Oxford Industries from $100.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. SunTrust Banks raised their target price on Oxford Industries to $97.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley raised their target price on Oxford Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, June 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $107.00 target price (up from $91.00) on shares of Oxford Industries in a research report on Thursday, June 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Oxford Industries has an average rating of “Buy” and an average price target of $94.75.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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