Howe & Rusling Inc. Acquires New Position in Oxford Industries, Inc. (NYSE:OXM)

Howe & Rusling Inc. bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,728 shares of the textile maker’s stock, valued at approximately $215,000.

Several other large investors have also added to or reduced their stakes in OXM. Venturi Wealth Management LLC purchased a new stake in shares of Oxford Industries in the fourth quarter worth $63,000. Blue Trust Inc. increased its stake in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares in the last quarter. Vestcor Inc bought a new stake in Oxford Industries during the fourth quarter valued at about $100,000. Advisors Asset Management Inc. lifted its position in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Truvestments Capital LLC grew its position in shares of Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by insiders.

Oxford Industries Stock Up 1.5 %

Shares of OXM opened at $62.69 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The stock has a market capitalization of $984.30 million, a price-to-earnings ratio of 70.44 and a beta of 1.61. Oxford Industries, Inc. has a 1 year low of $54.02 and a 1 year high of $113.88. The business’s 50 day simple moving average is $70.26 and its 200-day simple moving average is $76.88.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Oxford Industries’s revenue was down 3.4% on a year-over-year basis. As a group, equities analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Telsey Advisory Group lowered their price target on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday. KeyCorp dropped their target price on shares of Oxford Industries from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, UBS Group reduced their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th.

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.