24,694 Shares in Oxford Industries, Inc. (NYSE:OXM) Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP bought a new stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,694 shares of the textile maker's stock, valued at approximately $2,142,000. Invenomic Capital Management LP owned approximately 0.16% of Oxford Industries as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of OXM. Hotchkis & Wiley Capital Management LLC increased its stake in Oxford Industries by 221.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 96,330 shares of the textile maker's stock worth $8,358,000 after buying an additional 66,320 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Oxford Industries during the third quarter worth about $315,000. Verition Fund Management LLC lifted its stake in shares of Oxford Industries by 148.3% in the third quarter. Verition Fund Management LLC now owns 141,485 shares of the textile maker's stock worth $12,275,000 after acquiring an additional 84,505 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Oxford Industries by 56.0% in the third quarter. Captrust Financial Advisors now owns 4,380 shares of the textile maker's stock worth $380,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Oxford Industries in the third quarter valued at about $575,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Stock Up 0.3 %

Shares of OXM traded up $0.22 during mid-day trading on Wednesday, hitting $81.16. The stock had a trading volume of 126,557 shares, compared to its average volume of 274,283. The company has a market cap of $1.27 billion, a PE ratio of 44.47 and a beta of 1.56. Oxford Industries, Inc. has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The company's fifty day simple moving average is $78.19 and its two-hundred day simple moving average is $89.81.

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

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.67 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.30%. Oxford Industries's payout ratio is currently 147.25%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a research report on Friday, September 13th. UBS Group cut their price target on shares of Oxford Industries from $101.00 to $91.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $86.00 price objective on shares of Oxford Industries in a report on Wednesday.

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 shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.