Arrowstreet Capital Limited Partnership Buys 54,045 Shares of Oxford Industries, Inc. (NYSE:OXM)

Arrowstreet Capital Limited Partnership raised its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,328 shares of the textile maker's stock after acquiring an additional 54,045 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 2.93% of Oxford Industries worth $36,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in Oxford Industries in the fourth quarter valued at $63,000. Blue Trust Inc. boosted its stake in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after purchasing an additional 160 shares in the last quarter. Vestcor Inc purchased a new position in shares of Oxford Industries during the fourth quarter valued at about $100,000. Truvestments Capital LLC raised its stake in Oxford Industries by 15.6% in 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 in the last quarter. Finally, M&T Bank Corp purchased a new stake in Oxford Industries in the third quarter worth about $206,000. 91.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the purchase, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. The trade was a 16.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tracey Hernandez sold 1,250 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 5.70% of the company's stock.

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Analyst Upgrades and Downgrades

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

Oxford Industries Stock Performance

Shares of Oxford Industries stock traded up $2.02 during trading hours on Friday, reaching $56.85. 961,243 shares of the stock traded hands, compared to its average volume of 343,612. Oxford Industries, Inc. has a one year low of $52.95 and a one year high of $111.46. The firm has a market capitalization of $892.60 million, a price-to-earnings ratio of 63.88 and a beta of 1.61. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $67.15 and a 200 day moving average price of $75.82.

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

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a $0.69 dividend. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.85%. Oxford Industries's dividend payout ratio is 47.02%.

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.