Intech Investment Management LLC Purchases 20,843 Shares of Oxford Industries, Inc. $OXM

Intech Investment Management LLC grew its stake in Oxford Industries, Inc. (NYSE:OXM) by 319.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,362 shares of the textile maker’s stock after acquiring an additional 20,843 shares during the period. Intech Investment Management LLC owned 0.18% of Oxford Industries worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cerity Partners LLC grew its stake in Oxford Industries by 3.0% in the 2nd quarter. Cerity Partners LLC now owns 9,914 shares of the textile maker’s stock worth $399,000 after acquiring an additional 286 shares in the last quarter. GAMMA Investing LLC grew its stake in Oxford Industries by 46.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares in the last quarter. Signaturefd LLC grew its stake in Oxford Industries by 28.1% in the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after acquiring an additional 387 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Oxford Industries by 44.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock worth $61,000 after acquiring an additional 466 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Price Performance

Shares of OXM opened at $44.08 on Monday. The company has a 50 day moving average price of $42.30 and a 200-day moving average price of $39.12. Oxford Industries, Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $56.33. The stock has a market capitalization of $656.38 million, a PE ratio of -22.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share 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 business had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same period in the previous year, the company posted $1.37 EPS. Oxford Industries’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts predict that Oxford Industries, Inc. will post 2.51 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s dividend payout ratio is currently -144.33%.

Analyst Ratings Changes

A number of brokerages have commented on OXM. UBS Group upped their target price on shares of Oxford Industries from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Telsey Advisory Group upped their target price on shares of Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Citigroup upped their target price on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Finally, Truist Financial set a $43.00 price target on shares of Oxford Industries in a research report on Thursday. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $42.50.

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.