Wedge Capital Management L L P NC Grows Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Wedge Capital Management L L P NC increased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 27.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,146 shares of the textile maker’s stock after purchasing an additional 5,911 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.17% of Oxford Industries worth $2,139,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Oxford Industries by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 67,867 shares of the textile maker’s stock worth $6,797,000 after buying an additional 516 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Oxford Industries by 4.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock valued at $336,000 after acquiring an additional 150 shares during the last quarter. Inspire Investing LLC lifted its stake in Oxford Industries by 10.3% in the 2nd quarter. Inspire Investing LLC now owns 3,520 shares of the textile maker’s stock worth $353,000 after purchasing an additional 329 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Oxford Industries by 20.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,500 shares of the textile maker’s stock worth $651,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Oxford Industries during the 2nd quarter worth approximately $54,882,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Down 1.5 %

OXM stock opened at $85.30 on Monday. The firm has a market cap of $1.34 billion, a PE ratio of 95.84 and a beta of 1.56. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The firm’s 50 day moving average price is $81.15 and its 200-day moving average price is $84.92.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. On average, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, January 17th. Oxford Industries’s payout ratio is 301.12%.

Insider Activity at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction dated 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 transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th. UBS Group reduced their price target on 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.