Southernsun Asset Management LLC Buys Shares of 257,787 Oxford Industries, Inc. (NYSE:OXM)

Southernsun Asset Management LLC bought a new position in Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 257,787 shares of the textile maker's stock, valued at approximately $20,308,000. Oxford Industries comprises approximately 2.5% of Southernsun Asset Management LLC's portfolio, making the stock its 18th largest position. Southernsun Asset Management LLC owned approximately 1.64% of Oxford Industries as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its holdings in shares of Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after buying an additional 137 shares during the period. Blue Trust Inc. grew its position in Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after acquiring an additional 160 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after purchasing an additional 326 shares during the period. Inspire Investing LLC raised its stake in shares of Oxford Industries by 7.2% during the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker's stock valued at $401,000 after purchasing an additional 343 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after purchasing an additional 373 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OXM. Telsey Advisory Group dropped their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday. UBS Group dropped their price objective on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Citigroup dropped their price target on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research note on Monday, April 7th.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt bought 1,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now directly owns 7,180 shares in the company, valued at $421,466. This represents a 16.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 5.70% of the stock is owned by insiders.

Oxford Industries Price Performance

Shares of Oxford Industries stock traded up $0.56 on Friday, hitting $51.90. The company had a trading volume of 403,604 shares, compared to its average volume of 361,276. Oxford Industries, Inc. has a 52 week low of $42.12 and a 52 week high of $111.46. The company has a market cap of $771.49 million, a PE ratio of 58.32 and a beta of 1.40. The business has a 50-day simple moving average of $57.72 and a 200-day simple moving average of $71.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same quarter in the previous year, the business earned $1.90 EPS. The company's quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.32%. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. Oxford Industries's payout ratio is presently 47.02%.

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.