Victory Capital Management Inc. Sells 565,880 Shares of Oxford Industries, Inc. (NYSE:OXM)

Victory Capital Management Inc. lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 86.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,846 shares of the textile maker's stock after selling 565,880 shares during the quarter. Victory Capital Management Inc. owned 0.55% of Oxford Industries worth $6,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after buying an additional 160 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Oxford Industries during the 4th quarter valued at $63,000. Advisors Asset Management Inc. raised its position in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker's stock valued at $136,000 after buying an additional 1,083 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $206,000. Finally, FORA Capital LLC purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $300,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OXM shares. UBS Group lowered their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, December 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $86.00 target price on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, KeyCorp decreased their target price on shares of Oxford Industries from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday.

Remove Ads

Insiders Place Their Bets

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares of the company's stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.70% of the company's stock.

Oxford Industries Trading Up 1.1 %

NYSE:OXM traded up $0.66 during trading hours on Tuesday, reaching $61.64. The company's stock had a trading volume of 373,623 shares, compared to its average volume of 320,051. The firm has a market capitalization of $967.76 million, a price-to-earnings ratio of 69.26 and a beta of 1.61. The firm has a 50-day simple moving average of $74.22 and a 200-day simple moving average of $78.13. Oxford Industries, Inc. has a 1 year low of $54.02 and a 1 year high of $113.88. 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 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.