Victory Capital Management Inc. Lowers Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Victory Capital Management Inc. trimmed its stake in Oxford Industries, Inc. (NYSE:OXM) by 86.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 86,846 shares of the textile maker’s stock after selling 565,880 shares during the period. Victory Capital Management Inc. owned about 0.55% of Oxford Industries worth $6,842,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in OXM. Barclays PLC raised its position in Oxford Industries by 74.0% in the third quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after purchasing an additional 20,620 shares during the period. Cerity Partners LLC grew its stake in shares of Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after buying an additional 2,167 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Oxford Industries by 73.7% in the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock valued at $3,194,000 after buying an additional 15,617 shares during the period. Weiss Asset Management LP acquired a new position in Oxford Industries during the 3rd quarter worth about $2,742,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Oxford Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock valued at $49,300,000 after acquiring an additional 25,619 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group cut their target price on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by corporate insiders.

Oxford Industries Trading Up 2.8 %

NYSE:OXM opened at $56.77 on Friday. Oxford Industries, Inc. has a 12-month low of $54.02 and a 12-month high of $113.88. The firm has a market cap of $891.35 million, a PE ratio of 63.79 and a beta of 1.61. 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 stock has a fifty day moving average price of $74.66 and a 200 day moving average price of $78.38.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

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.