Versor Investments LP Purchases New Position in Oxford Industries, Inc. $OXM

Versor Investments LP purchased a new stake in Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,400 shares of the textile maker’s stock, valued at approximately $492,000.

Several other large investors have also added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in Oxford Industries by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock valued at $24,126,000 after acquiring an additional 33,871 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Oxford Industries by 7.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock valued at $19,115,000 after acquiring an additional 32,226 shares in the last quarter. Bank of America Corp DE lifted its position in Oxford Industries by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after acquiring an additional 14,103 shares in the last quarter. RBO & Co. LLC lifted its position in Oxford Industries by 49.1% in the 3rd quarter. RBO & Co. LLC now owns 294,076 shares of the textile maker’s stock valued at $11,922,000 after acquiring an additional 96,787 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after acquiring an additional 222,150 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Trading Up 1.5%

NYSE:OXM opened at $40.45 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The firm has a market cap of $602.29 million, a price-to-earnings ratio of -20.85 and a beta of 1.03. Oxford Industries, Inc. has a 52 week low of $30.57 and a 52 week high of $57.73. The firm has a 50-day moving average price of $40.13 and a two-hundred day moving average price of $38.44.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). The firm had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. On average, equities analysts expect that Oxford Industries, Inc. will post 2.51 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were paid a $0.70 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, April 17th. This represents a $2.80 annualized dividend and a yield of 6.9%. Oxford Industries’s dividend payout ratio (DPR) is -144.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OXM shares. Truist Financial dropped their price target on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, March 27th. UBS Group dropped their price target on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Wall Street Zen cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Zacks Research cut shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Finally, Citigroup increased their price objective on shares of Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $38.00.

Oxford Industries Profile

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.