Maryland State Retirement & Pension System Sells 221 Shares of Oxford Industries, Inc. (NYSE:OXM)

Posted by Defense World Staff on Jul 8th, 2023

Maryland State Retirement & Pension System lowered its stake in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,969 shares of the textile maker’s stock after selling 221 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Oxford Industries were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Ritholtz Wealth Management grew its position in shares of Oxford Industries by 64.1% during the first quarter. Ritholtz Wealth Management now owns 20,589 shares of the textile maker’s stock worth $2,174,000 after purchasing an additional 8,039 shares in the last quarter. Leuthold Group LLC purchased a new stake in shares of Oxford Industries during the first quarter worth about $204,000. Allspring Global Investments Holdings LLC grew its position in shares of Oxford Industries by 17.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,585 shares of the textile maker’s stock worth $167,000 after purchasing an additional 235 shares in the last quarter. Truist Financial Corp grew its position in shares of Oxford Industries by 2.1% during the fourth quarter. Truist Financial Corp now owns 177,317 shares of the textile maker’s stock worth $16,522,000 after purchasing an additional 3,709 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Oxford Industries during the fourth quarter worth about $35,000. Institutional investors own 91.73% of the company’s stock.

Oxford Industries Price Performance

Shares of Oxford Industries stock opened at $99.73 on Friday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 9.64 and a beta of 1.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 1.35. The stock has a 50 day moving average price of $102.15 and a 200-day moving average price of $106.03. Oxford Industries, Inc. has a one year low of $82.46 and a one year high of $123.37.

Oxford Industries (NYSE:OXM – Free Report) last announced its earnings results on Wednesday, June 7th. The textile maker reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.04. Oxford Industries had a return on equity of 32.20% and a net margin of 11.28%. The firm had revenue of $420.10 million during the quarter, compared to analysts’ expectations of $419.10 million. Equities analysts expect that Oxford Industries, Inc. will post 11.05 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, July 13th. Oxford Industries’s dividend payout ratio is currently 25.12%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OXM shares. StockNews.com cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Telsey Advisory Group restated a “market perform” rating and set a $125.00 price target on shares of Oxford Industries in a report on Friday, March 24th. UBS Group started coverage on Oxford Industries in a report on Friday, June 16th. They set a “neutral” rating and a $110.00 price target for the company. Finally, Citigroup cut their price target on Oxford Industries from $110.00 to $101.00 in a report on Thursday, June 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Oxford Industries has a consensus rating of “Hold” and a consensus price target of $123.50.

Insider Buying and Selling

In related news, Director Dennis M. Love sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.41, for a total transaction of $103,410.00. Following the completion of the sale, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $1,750,007.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Oxford Industries Profile

(Free Report)

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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.