Wedge Capital Management L L P NC Reduces Stake in Oxford Industries, Inc. (NYSE:OXM)

Wedge Capital Management L L P NC lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 42.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,235 shares of the textile maker's stock after selling 15,377 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of Oxford Industries worth $1,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new stake in Oxford Industries in the 2nd quarter worth about $54,882,000. Millennium Management LLC lifted its stake in shares of Oxford Industries by 254.1% during the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker's stock worth $26,681,000 after acquiring an additional 191,185 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in Oxford Industries during the 2nd quarter valued at $10,040,000. Victory Capital Management Inc. grew its position in Oxford Industries by 21.7% in the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker's stock valued at $49,684,000 after acquiring an additional 88,345 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Oxford Industries by 25.1% in the second 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. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the transaction, the executive vice president now directly owns 31,428 shares of the company's stock, valued at $2,727,007.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.70% of the company's stock.

Oxford Industries Stock Performance

NYSE:OXM traded up $0.91 during trading hours on Thursday, reaching $79.66. The company's stock had a trading volume of 295,317 shares, compared to its average volume of 270,262. Oxford Industries, Inc. has a 12 month low of $73.44 and a 12 month high of $113.88. The stock has a 50 day moving average price of $84.32 and a two-hundred day moving average price of $96.87. The company has a market capitalization of $1.25 billion, a P/E ratio of 32.25 and a beta of 1.53.

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

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, October 18th. Oxford Industries's dividend payout ratio is presently 108.50%.

Analyst Ratings Changes

A number of brokerages have commented on OXM. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $110.00 to $86.00 and set a "market perform" rating on the stock in a research note on Thursday, September 12th. UBS Group dropped their price objective on Oxford Industries from $101.00 to $91.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Citigroup decreased their target price on Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research 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 issued a buy rating to the company. According to MarketBeat.com, Oxford Industries currently has an average rating of "Hold" and a consensus price target of $90.40.

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.