LSV Asset Management Sells 15,500 Shares of Oxford Industries, Inc. (NYSE:OXM)

LSV Asset Management trimmed its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 73.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the textile maker's stock after selling 15,500 shares during the quarter. LSV Asset Management's holdings in Oxford Industries were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after purchasing an additional 373 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries in the 4th quarter worth about $63,000. Blue Trust Inc. boosted its position in shares of Oxford Industries by 27.6% during the fourth 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. Vestcor Inc acquired a new stake in Oxford Industries in the 4th quarter valued at approximately $100,000. Finally, Truvestments Capital LLC boosted its position 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on OXM shares. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Telsey Advisory Group decreased their target price on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Citigroup dropped their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group lowered their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th.

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 Stock Up 3.1 %

Shares of NYSE OXM traded up $1.35 during mid-day trading on Friday, reaching $44.80. 430,977 shares of the company traded hands, compared to its average volume of 356,001. The company's fifty day moving average is $60.39 and its two-hundred day moving average is $73.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries, Inc. has a fifty-two week low of $42.12 and a fifty-two week high of $111.46. The stock has a market cap of $665.94 million, a PE ratio of 50.34 and a beta of 1.40.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly 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. The company had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 earnings per share. On average, analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current 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 issued 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 dividend on an annualized basis and a yield of 6.16%. 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.