Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its stake in Oxford Industries, Inc. (NYSE:OXM) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,071 shares of the textile maker’s stock after selling 2,519 shares during the quarter. Moran Wealth Management LLC’s holdings in Oxford Industries were worth $1,828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OXM. SG Americas Securities LLC purchased a new position in Oxford Industries in the first quarter valued at about $137,000. Sei Investments Co. boosted its position in Oxford Industries by 26.0% during the 1st quarter. Sei Investments Co. now owns 15,212 shares of the textile maker’s stock worth $1,710,000 after acquiring an additional 3,135 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Oxford Industries by 162.1% in the first quarter. Russell Investments Group Ltd. now owns 5,268 shares of the textile maker’s stock valued at $592,000 after acquiring an additional 3,258 shares in the last quarter. ProShare Advisors LLC raised its holdings in Oxford Industries by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,012 shares of the textile maker’s stock worth $339,000 after purchasing an additional 207 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oxford Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after buying an additional 4,869 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OXM has been the topic of a number of recent research reports. UBS Group decreased their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Citigroup reduced their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Telsey Advisory Group cut their price target on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a report on Thursday, September 12th.

Oxford Industries Stock Performance

Shares of OXM opened at $76.25 on Friday. The business’s fifty day moving average is $78.90 and its 200-day moving average is $91.52. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 41.90 and a beta of 1.55. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.45 EPS. As a group, research analysts forecast that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.51%. The ex-dividend date was Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 147.25%.

Insider Transactions at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.70% of the company’s stock.

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.