Ceredex Value Advisors LLC Has $8.82 Million Stake in Oxford Industries, Inc. (NYSE:OXM)

Ceredex Value Advisors LLC trimmed its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,000 shares of the textile maker's stock after selling 7,450 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.71% of Oxford Industries worth $8,823,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Senvest Management LLC acquired a new stake in Oxford Industries during the 4th quarter valued at $19,352,000. Global Alpha Capital Management Ltd. acquired a new stake in Oxford Industries during the 4th quarter worth about $16,489,000. ExodusPoint Capital Management LP purchased a new position in Oxford Industries during the 4th quarter valued at about $6,036,000. Invesco Ltd. lifted its position in shares of Oxford Industries by 21.9% in the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock worth $32,272,000 after purchasing an additional 73,720 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Oxford Industries by 13.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock valued at $36,186,000 after buying an additional 54,045 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on OXM. Telsey Advisory Group cut 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. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group decreased their target price on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Citigroup lowered their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th.

Oxford Industries Stock Performance

OXM stock traded up $0.83 during mid-day trading on Tuesday, reaching $46.05. 77,519 shares of the stock traded hands, compared to its average volume of 356,480. The firm has a market capitalization of $684.58 million, a PE ratio of 51.75 and a beta of 1.40. The business has a 50-day moving average of $59.25 and a two-hundred day moving average of $72.47. Oxford Industries, Inc. has a 52 week low of $42.12 and a 52 week high of $111.46. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same quarter last year, the firm posted $1.90 EPS. The company's revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.99%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. The trade was a 16.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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.