State of Alaska Department of Revenue lessened its position in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,760 shares of the textile maker’s stock after selling 390 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Oxford Industries worth $960,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Oxford Industries by 80.0% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,600 shares of the textile maker’s stock valued at $1,330,000 after buying an additional 5,600 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of Oxford Industries by 11.0% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 33,512 shares of the textile maker’s stock valued at $3,539,000 after buying an additional 3,314 shares during the period. American Century Companies Inc. raised its position in shares of Oxford Industries by 3.3% during the 1st quarter. American Century Companies Inc. now owns 178,482 shares of the textile maker’s stock valued at $18,343,000 after buying an additional 5,746 shares during the period. Gallacher Capital Management LLC purchased a new stake in shares of Oxford Industries during the 1st quarter valued at approximately $411,000. Finally, J. W. Coons Advisors LLC raised its position in shares of Oxford Industries by 49.9% during the 1st quarter. J. W. Coons Advisors LLC now owns 3,560 shares of the textile maker’s stock valued at $376,000 after buying an additional 1,185 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Oxford Industries Stock Performance
Shares of OXM stock opened at $93.01 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.52 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $98.28 and a 200 day moving average price of $101.37. The company has a market cap of $1.45 billion, a P/E ratio of 9.23 and a beta of 1.51. Oxford Industries, Inc. has a 12 month low of $89.10 and a 12 month high of $123.37.
Oxford Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $2.60 annualized dividend and a yield of 2.80%. Oxford Industries’s dividend payout ratio is presently 25.79%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on OXM. Citigroup cut their target price on Oxford Industries from $101.00 to $98.00 in a research report on Friday, September 1st. UBS Group cut their target price on Oxford Industries from $110.00 to $108.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. StockNews.com raised Oxford Industries from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Telsey Advisory Group cut their target price on Oxford Industries from $115.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday, September 1st.
Check Out Our Latest Report on OXM
Oxford Industries Company Profile
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.
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