Oxford Industries, Inc. (NYSE:OXM) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Oxford Industries, Inc. (NYSE:OXM) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 403,340 shares of the textile maker’s stock after purchasing an additional 29,493 shares during the quarter. Wellington Management Group LLP owned 2.58% of Oxford Industries worth $40,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OXM. Goldman Sachs Group Inc. lifted its position in shares of Oxford Industries by 34.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 169,619 shares of the textile maker’s stock valued at $16,962,000 after buying an additional 43,855 shares in the last quarter. Virtu Financial LLC acquired a new position in Oxford Industries during the fourth quarter worth $206,000. Nebula Research & Development LLC purchased a new position in Oxford Industries during the fourth quarter valued at $761,000. Quadrature Capital Ltd grew its position in shares of Oxford Industries by 109.6% in the fourth quarter. Quadrature Capital Ltd now owns 10,535 shares of the textile maker’s stock valued at $1,054,000 after purchasing an additional 5,509 shares during the period. Finally, RBO & Co. LLC increased its stake in shares of Oxford Industries by 0.9% during the fourth quarter. RBO & Co. LLC now owns 109,212 shares of the textile maker’s stock worth $10,921,000 after purchasing an additional 969 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Price Performance

NYSE:OXM opened at $100.47 on Monday. Oxford Industries, Inc. has a one year low of $82.33 and a one year high of $113.88. The stock has a market cap of $1.58 billion, a PE ratio of 40.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. The stock has a 50 day moving average price of $105.54 and a 200 day moving average price of $102.73.

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

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a $0.67 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.68 annualized dividend and a dividend yield of 2.67%. Oxford Industries’s dividend payout ratio (DPR) is 108.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Oxford Industries in a report on Thursday, June 13th. UBS Group lowered their price target on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Finally, Citigroup reduced their price objective on Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.20.

Insider Transactions at Oxford Industries

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 in the company, valued at $1,300,750.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the business’s 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 sale, the chief executive officer now owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas E. Campbell sold 17,540 shares of the firm’s 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 transaction, the executive vice president now owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

Oxford Industries Company 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.