ExodusPoint Capital Management LP Takes Position in Oxford Industries, Inc. (NYSE:OXM)

ExodusPoint Capital Management LP acquired a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 76,615 shares of the textile maker's stock, valued at approximately $6,036,000. ExodusPoint Capital Management LP owned 0.49% of Oxford Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings 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 worth $64,000 after buying an additional 160 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries in the fourth quarter valued at approximately $63,000. Vestcor Inc bought a new position in shares of Oxford Industries during the fourth quarter worth approximately $100,000. M&T Bank Corp bought a new stake in shares of Oxford Industries in the third quarter valued at about $206,000. Finally, Truvestments Capital LLC increased its stake in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 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 equities research analysts have weighed in on OXM shares. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group lowered their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Citigroup reduced their price target on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday. Finally, Telsey Advisory Group lowered 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.

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Insider Activity

In related news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares of the company's stock, valued at $421,466. This represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 1,681 shares of the company's stock, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

Oxford Industries Trading Down 8.6 %

NYSE:OXM traded down $4.69 during mid-day trading on Thursday, hitting $49.61. 244,537 shares of the company's stock were exchanged, compared to its average volume of 349,515. Oxford Industries, Inc. has a fifty-two week low of $44.40 and a fifty-two week high of $111.46. 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 firm has a market capitalization of $737.39 million, a P/E ratio of 55.39 and a beta of 1.40. The company has a 50 day simple moving average of $63.65 and a 200-day simple moving average of $74.58.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results 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. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same period last year, the company earned $1.90 EPS. Oxford Industries's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced 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. 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. This represents a $2.76 annualized dividend and a dividend yield of 5.56%. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

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.