King Luther Capital Management Corp cut its holdings in Oxford Industries Inc (NYSE:OXM) by 20.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,195 shares of the textile maker’s stock after selling 10,980 shares during the period. King Luther Capital Management Corp owned approximately 0.25% of Oxford Industries worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Oxford Industries by 199.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the textile maker’s stock worth $5,020,000 after acquiring an additional 40,300 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Oxford Industries in the 2nd quarter valued at about $1,341,000. Swiss National Bank increased its position in Oxford Industries by 9.7% in the 2nd quarter. Swiss National Bank now owns 29,300 shares of the textile maker’s stock valued at $2,431,000 after buying an additional 2,600 shares in the last quarter. SG Americas Securities LLC increased its position in Oxford Industries by 74.3% in the 2nd quarter. SG Americas Securities LLC now owns 5,693 shares of the textile maker’s stock valued at $472,000 after buying an additional 2,427 shares in the last quarter. Finally, BlackRock Inc. increased its position in Oxford Industries by 8.6% in the 2nd quarter. BlackRock Inc. now owns 2,357,282 shares of the textile maker’s stock valued at $195,606,000 after buying an additional 185,923 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.
OXM has been the subject of a number of research analyst reports. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Citigroup boosted their target price on Oxford Industries from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, September 17th. KeyCorp boosted 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, September 13th. Telsey Advisory Group boosted their target price on Oxford Industries from $88.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, November 2nd. Finally, SunTrust Banks boosted their target price on Oxford Industries to $97.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $101.00.
Shares of Oxford Industries stock opened at $75.30 on Friday. Oxford Industries Inc has a one year low of $69.55 and a one year high of $97.19. The stock has a market capitalization of $1.33 billion, a P/E ratio of 18.59, a PEG ratio of 1.70 and a beta of 0.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 0.96.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $306.12 million. Oxford Industries had a return on equity of 16.20% and a net margin of 6.61%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. Analysts expect that Oxford Industries Inc will post 4.61 EPS for the current fiscal year.
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Oxford Industries Company Profile
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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