2,708 Shares in Oxford Industries, Inc. (NYSE:OXM) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new position in Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,708 shares of the textile maker’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also modified their holdings of OXM. Barclays PLC boosted its stake in Oxford Industries by 74.0% in the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after buying an additional 20,620 shares in the last quarter. Global Alpha Capital Management Ltd. acquired a new position in Oxford Industries in the fourth quarter worth $16,489,000. Charles Schwab Investment Management Inc. boosted its stake in Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock worth $48,738,000 after purchasing an additional 50,420 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Oxford Industries by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker’s stock worth $18,281,000 after purchasing an additional 32,224 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Oxford Industries in the fourth quarter worth $376,000. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Trading Up 8.7%

NYSE:OXM opened at $58.43 on Tuesday. Oxford Industries, Inc. has a 1-year low of $42.12 and a 1-year high of $111.46. The business’s 50-day moving average price is $54.27 and its two-hundred day moving average price is $69.83. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $868.56 million, a price-to-earnings ratio of 65.65 and a beta of 1.43.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same quarter in the prior year, the firm posted $1.90 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were issued a dividend of $0.69 per share. The ex-dividend date was Thursday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.72%. Oxford Industries’s dividend payout ratio (DPR) is presently 47.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OXM. Citigroup cut their price target on Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, April 7th. Telsey Advisory Group cut their price target on Oxford Industries from $64.00 to $52.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 23rd. UBS Group cut their price target on 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 reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by corporate insiders.

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.