Oxford Industries, Inc. (NYSE:OXM) Shares Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 221.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,330 shares of the textile maker's stock after acquiring an additional 66,320 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.61% of Oxford Industries worth $8,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OXM. Maverick Capital Ltd. lifted its holdings in Oxford Industries by 673.5% in the 2nd quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker's stock valued at $6,274,000 after purchasing an additional 54,544 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker's stock valued at $56,631,000 after buying an additional 156,634 shares during the period. Semanteon Capital Management LP acquired a new stake in Oxford Industries during the third quarter worth approximately $788,000. Charles Schwab Investment Management Inc. grew its stake in Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker's stock worth $49,300,000 after acquiring an additional 25,619 shares during the period. Finally, Millennium Management LLC raised its holdings in Oxford Industries by 254.1% in the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker's stock valued at $26,681,000 after acquiring an additional 191,185 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

OXM has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday. UBS Group lowered their price target on Oxford Industries from $101.00 to $91.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Finally, Citigroup dropped their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research note on Friday, September 13th.

Insider Activity

In other news, EVP Scott Grassmyer sold 1,495 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares of the company's stock, valued at $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company's stock.

Oxford Industries Stock Down 1.6 %

Shares of OXM stock traded down $1.30 on Thursday, reaching $79.99. 301,563 shares of the stock were exchanged, compared to its average volume of 275,215. The stock has a market cap of $1.26 billion, a P/E ratio of 44.67 and a beta of 1.56. The firm has a 50 day moving average of $78.12 and a two-hundred day moving average of $89.75. Oxford Industries, Inc. has a 1-year low of $72.24 and a 1-year high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.45 earnings per share. On average, equities research analysts predict that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 annualized dividend and a yield of 3.35%. Oxford Industries's dividend payout ratio is currently 147.25%.

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.