Oxford Industries, Inc. (NYSE:OXM) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 148.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,485 shares of the textile maker's stock after buying an additional 84,505 shares during the period. Verition Fund Management LLC owned about 0.90% of Oxford Industries worth $12,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Oxford Industries by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker's stock valued at $741,000 after purchasing an additional 100 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Oxford Industries by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker's stock worth $726,000 after buying an additional 141 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Oxford Industries by 4.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker's stock worth $336,000 after buying an additional 150 shares in the last quarter. Creative Planning grew its position in shares of Oxford Industries by 6.0% during the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker's stock worth $337,000 after buying an additional 219 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Oxford Industries by 5.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker's stock valued at $378,000 after buying an additional 240 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on OXM shares. Citigroup dropped their target price on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a report on Friday, September 13th. Telsey Advisory Group dropped their price objective 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. Finally, UBS Group reduced their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th.

Oxford Industries Price Performance

Shares of OXM stock traded up $0.20 during mid-day trading on Friday, hitting $83.17. 226,998 shares of the stock traded hands, compared to its average volume of 287,465. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88. The stock has a market cap of $1.30 billion, a P/E ratio of 45.70 and a beta of 1.55. The stock's fifty day moving average is $78.38 and its two-hundred day moving average is $90.27.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Wednesday, September 11th. The textile maker reported $2.77 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 analysts' expectations of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $3.45 EPS. As a group, equities analysts forecast that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries's dividend payout ratio is presently 147.25%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the firm's stock in a transaction 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 owns 31,428 shares of the company's stock, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.