Invesco Ltd. Has $32.27 Million Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Invesco Ltd. increased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 21.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 409,653 shares of the textile maker’s stock after buying an additional 73,720 shares during the quarter. Invesco Ltd.’s holdings in Oxford Industries were worth $32,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of OXM. Quadrant Capital Group LLC lifted its position in shares of Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $63,000. Vestcor Inc acquired a new stake in shares of Oxford Industries in the fourth quarter worth $100,000. Finally, M&T Bank Corp bought a new position in Oxford Industries during the third quarter worth $206,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

NYSE OXM opened at $44.80 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $60.39 and its 200 day simple moving average is $73.06. The stock has a market cap of $665.94 million, a P/E ratio of 50.34 and a beta of 1.40. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $111.46.

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

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.16%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is 47.02%.

Insider Activity at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OXM shares. UBS Group reduced their price target on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Telsey Advisory Group decreased their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, Citigroup decreased their price objective on Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, April 7th.

About Oxford Industries

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.