UBS Group AG Boosts Stock Position in Oxford Industries, Inc. $OXM

UBS Group AG boosted its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 207.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,189 shares of the textile maker’s stock after purchasing an additional 101,334 shares during the quarter. UBS Group AG’s holdings in Oxford Industries were worth $5,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OXM. Millennium Management LLC increased its holdings in Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after purchasing an additional 222,150 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Oxford Industries during the 2nd quarter worth approximately $7,195,000. Two Sigma Investments LP increased its holdings in Oxford Industries by 394.9% during the 3rd quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock worth $7,773,000 after purchasing an additional 152,995 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Oxford Industries by 569.6% during the 3rd quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock worth $7,067,000 after purchasing an additional 148,283 shares during the last quarter. Finally, Dupree Financial Group LLC purchased a new stake in Oxford Industries during the 4th quarter worth approximately $4,493,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on OXM. Zacks Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Truist Financial decreased their target price on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, March 27th. Wall Street Zen lowered Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. UBS Group decreased their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Finally, Citigroup lifted their target price on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $38.00.

Oxford Industries Price Performance

Shares of OXM opened at $39.08 on Friday. The firm has a market cap of $581.74 million, a price-to-earnings ratio of -20.14 and a beta of 1.03. The stock has a 50 day moving average of $40.15 and a 200-day moving average of $38.46. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23. Oxford Industries, Inc. has a 52 week low of $30.57 and a 52 week high of $56.39.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The firm had revenue of $374.49 million during the quarter, compared to analyst estimates of $372.30 million. During the same quarter in the previous year, the business posted $1.37 EPS. Oxford Industries’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts forecast that Oxford Industries, Inc. will post 2.51 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were given a dividend of $0.70 per share. The ex-dividend date was Friday, April 17th. This represents a $2.80 dividend on an annualized basis and a yield of 7.2%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s payout ratio is presently -144.33%.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.