Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,457 shares of the textile maker's stock after selling 7,673 shares during the quarter. Royce & Associates LP owned 0.19% of Oxford Industries worth $2,321,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vestcor Inc purchased a new stake in shares of Oxford Industries in the 4th quarter worth approximately $100,000. Truvestments Capital LLC increased its holdings in shares of 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 during the period. AlphaQuest LLC bought a new position in shares of Oxford Industries in the 4th quarter worth $232,000. Amundi lifted its stake in shares of Oxford Industries by 174.5% during the 4th quarter. Amundi now owns 7,121 shares of the textile maker's stock worth $616,000 after purchasing an additional 4,527 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. bought a new stake in Oxford Industries during the fourth quarter valued at about $16,489,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Tracey Hernandez sold 1,250 shares of the company'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 owns 1,681 shares of the company's stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.70% of the company's stock.

Remove Ads

Oxford Industries Price Performance

Shares of OXM traded up $0.21 during mid-day trading on Tuesday, hitting $61.48. 372,411 shares of the company were exchanged, compared to its average volume of 323,470. 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 1-year low of $54.02 and a 1-year high of $113.88. The stock has a market cap of $965.30 million, a price-to-earnings ratio of 69.08 and a beta of 1.61. The company has a 50 day moving average of $71.75 and a 200-day moving average of $77.24.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OXM. UBS Group reduced their target price on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. KeyCorp lowered their price objective on Oxford Industries from $95.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Finally, Telsey Advisory Group reduced their target price on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday.

About Oxford Industries

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.