Maverick Capital Ltd. Has $6.27 Million Holdings in Oxford Industries, Inc. (NYSE:OXM)

Maverick Capital Ltd. raised its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 673.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,642 shares of the textile maker's stock after buying an additional 54,544 shares during the quarter. Maverick Capital Ltd. owned 0.40% of Oxford Industries worth $6,274,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OXM. Pacer Advisors Inc. acquired a new position in Oxford Industries in the 2nd quarter valued at approximately $54,882,000. Ceredex Value Advisors LLC acquired a new position in shares of Oxford Industries during the 2nd quarter worth $10,040,000. Norges Bank acquired a new position in shares of Oxford Industries during the 4th quarter worth $9,682,000. Victory Capital Management Inc. increased its stake in shares of Oxford Industries by 21.7% during the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker's stock worth $49,684,000 after purchasing an additional 88,345 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Oxford Industries by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker's stock worth $36,248,000 after purchasing an additional 72,605 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Insider Buying and Selling at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction that occurred on 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 sale, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on OXM shares. UBS Group dropped their price target on shares of Oxford Industries from $101.00 to $91.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a "market perform" rating for the company in a report on Thursday, September 12th. Finally, Citigroup decreased their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $90.40.

Oxford Industries Stock Performance

Shares of NYSE:OXM traded up $0.42 during midday trading on Friday, reaching $86.44. 271,112 shares of the company's stock were exchanged, compared to its average volume of 265,257. The company's 50 day simple moving average is $89.95 and its two-hundred day simple moving average is $99.72. The firm has a market capitalization of $1.36 billion, a PE ratio of 35.00 and a beta of 1.53. Oxford Industries, Inc. has a 12 month low of $74.95 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $3.45 EPS. On average, research analysts anticipate that Oxford Industries, Inc. will post 7.15 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, October 18th. Oxford Industries's payout ratio is presently 108.50%.

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.