BTC Capital Management Inc. Takes $351,000 Position in Oxford Industries, Inc. (NYSE:OXM)

BTC Capital Management Inc. bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,124 shares of the textile maker’s stock, valued at approximately $351,000.

Several other hedge funds have also recently bought and sold shares of the business. Quadrature Capital Ltd raised its stake in shares of Oxford Industries by 109.6% in the 4th quarter. Quadrature Capital Ltd now owns 10,535 shares of the textile maker’s stock valued at $1,054,000 after acquiring an additional 5,509 shares during the period. Hennessy Advisors Inc. acquired a new stake in Oxford Industries in the 4th quarter valued at $2,780,000. Wellington Management Group LLP raised its position in Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after purchasing an additional 29,493 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Oxford Industries by 34.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 169,619 shares of the textile maker’s stock worth $16,962,000 after purchasing an additional 43,855 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Oxford Industries in the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

OXM has been the subject of several analyst reports. Citigroup decreased their target price on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday, June 13th. UBS Group decreased their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Oxford Industries presently has an average rating of “Hold” and an average target price of $103.20.

Insider Buying and Selling

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the sale, the chief executive officer now directly owns 12,394 shares in the company, valued at $1,300,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas B. Wood sold 33,587 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas E. Campbell sold 17,540 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the transaction, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $100.47 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The firm’s 50-day simple moving average is $105.54 and its 200-day simple moving average is $102.66. The firm has a market cap of $1.58 billion, a PE ratio of 40.68 and a beta of 1.55.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm had revenue of $398.18 million for the quarter, compared to analyst estimates of $404.81 million. During the same quarter in the previous year, the company earned $3.78 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities analysts forecast that Oxford Industries, Inc. will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be given a dividend of $0.67 per share. The ex-dividend date is Friday, July 19th. This represents a $2.68 dividend on an annualized basis and a yield of 2.67%. Oxford Industries’s dividend payout ratio is currently 108.50%.

Oxford Industries Profile

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.