Prescott Group Capital Management L.L.C. Makes New $2.94 Million Investment in Oxford Industries, Inc. $OXM

Prescott Group Capital Management L.L.C. purchased a new position in Oxford Industries, Inc. (NYSE:OXM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 86,000 shares of the textile maker’s stock, valued at approximately $2,941,000. Prescott Group Capital Management L.L.C. owned approximately 0.58% of Oxford Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of OXM. AQR Capital Management LLC increased its stake in Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock worth $381,000 after buying an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 buying an additional 387 shares in the last quarter. Millennium Management LLC increased its stake in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after buying an additional 222,150 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Oxford Industries by 22.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after buying an additional 5,577 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Oxford Industries during the second quarter valued at about $369,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

OXM has been the subject of a number of research analyst reports. Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Wall Street Zen downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Truist Financial lowered their price target on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a report on Friday, March 27th. Citigroup raised their price objective 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, Telsey Advisory Group raised their price objective 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. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $38.00.

Oxford Industries Price Performance

NYSE OXM opened at $37.85 on Thursday. The firm’s fifty day simple moving average is $40.14 and its two-hundred day simple moving average is $38.44. 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 12-month low of $30.57 and a 12-month high of $56.39. The firm has a market capitalization of $563.51 million, a P/E ratio of -19.51 and a beta of 1.03.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (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 analysts’ expectations of $372.30 million. During the same period in the prior year, the firm posted $1.37 earnings per share. Oxford Industries’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts forecast that Oxford Industries, Inc. will post 2.51 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.4%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, April 17th. Oxford Industries’s dividend 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.