Arrowstreet Capital Limited Partnership Boosts Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Arrowstreet Capital Limited Partnership raised its stake in Oxford Industries, Inc. (NYSE:OXM) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 459,328 shares of the textile maker’s stock after purchasing an additional 54,045 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Oxford Industries were worth $36,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in Oxford Industries during the fourth quarter worth about $2,271,000. Howe & Rusling Inc. acquired a new position in Oxford Industries during the fourth quarter worth about $215,000. WINTON GROUP Ltd purchased a new position in Oxford Industries in the fourth quarter valued at about $3,092,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Oxford Industries during the 4th quarter valued at approximately $473,000. Finally, Sei Investments Co. grew its holdings in shares of Oxford Industries by 15.9% in the 4th quarter. Sei Investments Co. now owns 14,368 shares of the textile maker’s stock worth $1,132,000 after acquiring an additional 1,969 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group dropped their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Finally, Telsey Advisory Group reduced their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, March 24th.

Oxford Industries Trading Up 2.6 %

Shares of Oxford Industries stock opened at $60.87 on Thursday. Oxford Industries, Inc. has a fifty-two week low of $53.23 and a fifty-two week high of $111.46. The business’s fifty day moving average is $68.21 and its two-hundred day moving average is $76.16. 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 firm has a market cap of $955.72 million, a PE ratio of 68.39 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The firm had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 earnings per share. Analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.53%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries’s payout ratio is presently 47.02%.

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.