Heartland Advisors Inc. grew its stake in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 40.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,093 shares of the textile maker’s stock after purchasing an additional 61,093 shares during the period. Heartland Advisors Inc.’s holdings in Oxford Industries were worth $8,129,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after buying an additional 1,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 valued at $517,000 after buying an additional 387 shares in the last quarter. Millennium Management LLC raised its stake in Oxford Industries by 311.9% during 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Oxford Industries by 22.9% during 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 during the period. Finally, Norges Bank bought a new position in Oxford Industries in the second quarter worth approximately $369,000. Institutional investors own 91.16% of the company’s stock.
Oxford Industries Price Performance
Shares of NYSE OXM opened at $40.46 on Friday. The stock has a market cap of $604.11 million, a price-to-earnings ratio of -15.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 1.17. Oxford Industries, Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $51.61. The firm’s 50-day simple moving average is $39.37 and its 200 day simple moving average is $39.21.
Oxford Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, July 17th. This represents a $2.80 annualized dividend and a yield of 6.9%. Oxford Industries’s dividend payout ratio is -106.06%.
Analyst Ratings Changes
A number of equities research analysts have commented on OXM shares. Wall Street Zen raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oxford Industries in a research report on Wednesday, July 8th. UBS Group set a $40.00 price target on shares of Oxford Industries in a research note on Friday, June 12th. Finally, Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $51.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, June 11th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $40.00.
Check Out Our Latest Analysis on Oxford Industries
Insider Transactions at Oxford Industries
In related news, CEO Thomas Caldecot Chubb III purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $36.90 per share, for a total transaction of $92,250.00. Following the completion of the acquisition, the chief executive officer owned 30,200 shares of the company’s stock, valued at $1,114,380. This represents a 9.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.50% of the company’s stock.
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.
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