Victory Capital Management Inc. raised its position in shares of Oxford Industries Inc (NYSE:OXM) by 49.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,098 shares of the textile maker’s stock after acquiring an additional 163,992 shares during the period. Victory Capital Management Inc.’s holdings in Oxford Industries were worth $37,412,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in OXM. Oppenheimer Asset Management Inc. bought a new position in Oxford Industries in the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $50,000. Quadrant Capital Group LLC lifted its holdings in shares of Oxford Industries by 5,146.2% during the 1st quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock worth $50,000 after acquiring an additional 669 shares during the period. HRT Financial LLC bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $204,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $209,000. Institutional investors own 93.60% of the company’s stock.
NYSE OXM traded down $0.06 on Thursday, hitting $73.94. The company’s stock had a trading volume of 56,426 shares, compared to its average volume of 151,262. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90. Oxford Industries Inc has a 1-year low of $63.50 and a 1-year high of $97.19. The stock has a market cap of $1.25 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.34.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The firm had revenue of $298.54 million during the quarter, compared to analysts’ expectations of $301.84 million. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Analysts predict that Oxford Industries Inc will post 4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. Oxford Industries’s dividend payout ratio is 34.26%.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Telsey Advisory Group restated a “market perform” rating and issued a $82.00 price target (up from $76.00) on shares of Oxford Industries in a research report on Thursday, April 18th. Finally, Citigroup assumed coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $90.75.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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