245,645 Shares in Oxford Industries, Inc. (NYSE:OXM) Purchased by Senvest Management LLC

Senvest Management LLC purchased a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 245,645 shares of the textile maker’s stock, valued at approximately $19,352,000. Senvest Management LLC owned about 1.56% of Oxford Industries as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in OXM. Quadrant Capital Group LLC raised its holdings in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 373 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Oxford Industries in the 4th quarter worth about $63,000. Blue Trust Inc. increased its stake in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after buying an additional 160 shares during the last quarter. Vestcor Inc bought a new position in shares of Oxford Industries during the 4th quarter worth approximately $100,000. Finally, Truvestments Capital LLC boosted its stake in shares of Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after buying an additional 326 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Buying and Selling

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares of the company’s stock, valued at approximately $421,466. This represents a 16.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OXM has been the topic of several research analyst reports. Citigroup cut their price objective on Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, April 7th. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. UBS Group dropped their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th.

Oxford Industries Trading Down 0.1 %

Shares of OXM opened at $50.84 on Monday. Oxford Industries, Inc. has a fifty-two week low of $44.40 and a fifty-two week high of $111.46. The business has a 50-day moving average of $62.65 and a 200 day moving average of $74.01. The firm has a market cap of $755.72 million, a P/E ratio of 57.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42.

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

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.69 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 5.43%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s payout ratio is currently 47.02%.

Oxford Industries 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.