Quadrant Capital Group LLC Purchases 373 Shares of Oxford Industries, Inc. (NYSE:OXM)

Quadrant Capital Group LLC raised its position in Oxford Industries, Inc. (NYSE:OXM) by 981.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411 shares of the textile maker’s stock after buying an additional 373 shares during the quarter. Quadrant Capital Group LLC’s holdings in Oxford Industries were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OXM. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries in the 4th quarter worth approximately $16,489,000. ExodusPoint Capital Management LP purchased a new stake in shares of Oxford Industries during the fourth quarter worth $6,036,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Oxford Industries by 13.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker’s stock worth $36,186,000 after acquiring an additional 54,045 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Oxford Industries in the fourth quarter valued at $4,041,000. Finally, American Century Companies Inc. raised its stake in shares of Oxford Industries by 11.9% during the 4th quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock valued at $37,778,000 after purchasing an additional 51,155 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Down 0.1 %

Shares of Oxford Industries stock opened at $50.84 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 12-month low of $44.40 and a 12-month high of $111.46. The company has a market cap of $755.72 million, a P/E ratio of 57.12 and a beta of 1.40. The company’s fifty day simple moving average is $62.65 and its two-hundred day simple moving average is $74.09.

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

Oxford Industries Increases Dividend

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

Insider Buying and Selling

In other Oxford Industries news, Director Milford W. Mcguirt bought 1,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at $421,466. This represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Citigroup dropped their price objective on Oxford Industries from $52.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, April 7th. Telsey Advisory Group decreased their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Finally, UBS Group dropped their price target 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.

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.