M&T Bank Corp Buys Shares of 2,369 Oxford Industries, Inc. (NYSE:OXM)

M&T Bank Corp purchased a new position in shares of Oxford Industries, Inc. (NYSE:OXM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,369 shares of the textile maker’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also modified their holdings of OXM. FMR LLC lifted its stake in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after acquiring an additional 244,022 shares in the last quarter. Victory Capital Management Inc. increased its stake in Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after purchasing an additional 156,634 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Oxford Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after purchasing an additional 25,619 shares in the last quarter. State Street Corp boosted its stake in shares of Oxford Industries by 1.3% in the third quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after purchasing an additional 7,336 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Oxford Industries by 22.7% in the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after purchasing an additional 102,525 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Trading Down 0.6 %

NYSE OXM opened at $81.48 on Friday. Oxford Industries, Inc. has a 52 week low of $72.24 and a 52 week high of $113.88. The firm has a 50 day moving average of $78.61 and a two-hundred day moving average of $87.98. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.28 billion, a PE ratio of 91.55 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, January 17th. Oxford Industries’s dividend payout ratio (DPR) is presently 301.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OXM shares. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group lowered their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th.

Insider Buying and Selling

In other news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is owned by company insiders.

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.