6,000 Shares in Oxford Industries, Inc. (NYSE:OXM) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,000 shares of the textile maker's stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock worth $328,000 after purchasing an additional 137 shares during the period. Blue Trust Inc. raised its holdings in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after buying an additional 160 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after buying an additional 326 shares during the period. Inspire Investing LLC grew its holdings in shares of Oxford Industries by 7.2% during the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker's stock worth $401,000 after buying an additional 343 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Oxford Industries by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker's stock valued at $667,000 after acquiring an additional 527 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now directly owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracey Hernandez sold 1,250 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the transaction, the senior vice president now owns 1,681 shares of the company's stock, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OXM. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Citigroup decreased their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a report on Monday. UBS Group dropped their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Telsey Advisory Group cut their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a research report on Monday, March 24th.

Oxford Industries Stock Performance

Shares of OXM stock traded down $7.03 during trading hours on Tuesday, reaching $46.03. 633,035 shares of the company's stock were exchanged, compared to its average volume of 346,846. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The company's 50 day moving average is $64.90 and its two-hundred day moving average is $74.95. The company has a market cap of $684.21 million, a P/E ratio of 51.72 and a beta of 1.40. Oxford Industries, Inc. has a 1 year low of $45.61 and a 1 year high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The firm had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. Oxford Industries's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. Equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is 47.02%.

About Oxford Industries

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.