Magnetar Financial LLC Takes Position in Oxford Industries, Inc. (NYSE:OXM)

Magnetar Financial LLC bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,555 shares of the textile maker's stock, valued at approximately $359,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries during the fourth quarter worth $63,000. Blue Trust Inc. increased its position in shares of Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after buying an additional 160 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Oxford Industries during the fourth quarter worth about $100,000. Advisors Asset Management Inc. raised its holdings in Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker's stock worth $136,000 after buying an additional 1,083 shares during the period. Finally, Truvestments Capital LLC lifted its position in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after acquiring an additional 326 shares in the last quarter. Institutional investors own 91.16% of the company's stock.

Oxford Industries Stock Up 0.7 %

OXM stock traded up $0.44 during mid-day trading on Wednesday, reaching $61.84. The company had a trading volume of 621,447 shares, compared to its average volume of 325,842. The company has a market capitalization of $970.92 million, a price-to-earnings ratio of 69.48 and a beta of 1.61. Oxford Industries, Inc. has a 52 week low of $54.02 and a 52 week high of $113.88. The stock has a 50 day simple moving average of $70.73 and a two-hundred day simple moving average of $76.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Telsey Advisory Group decreased 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. KeyCorp decreased their price target on shares of Oxford Industries from $95.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Finally, UBS Group cut their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, December 12th.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by company insiders.

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.