Victory Capital Management Inc. Boosts Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Victory Capital Management Inc. lifted its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 31.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 652,726 shares of the textile maker's stock after buying an additional 156,634 shares during the period. Victory Capital Management Inc. owned approximately 4.16% of Oxford Industries worth $56,631,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners bought a new stake in shares of Oxford Industries in the 1st quarter worth approximately $990,000. Vanguard Group Inc. raised its holdings in Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker's stock valued at $198,672,000 after acquiring an additional 4,869 shares during the period. Maverick Capital Ltd. raised its holdings in Oxford Industries by 673.5% during the 2nd quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker's stock valued at $6,274,000 after acquiring an additional 54,544 shares during the period. Semanteon Capital Management LP bought a new stake in Oxford Industries during the 3rd quarter valued at $788,000. Finally, Millennium Management LLC raised its holdings in Oxford Industries by 254.1% during the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker's stock valued at $26,681,000 after acquiring an additional 191,185 shares during the period. Institutional investors own 91.16% of the company's stock.

Insider Activity

In other news, EVP Scott Grassmyer sold 1,495 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction 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 approximately $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OXM shares. UBS Group lowered their target price on shares of Oxford Industries from $101.00 to $91.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group decreased their price target on shares of Oxford Industries from $110.00 to $86.00 and set a "market perform" rating on the stock in a report on Thursday, September 12th. Finally, Citigroup decreased their price target 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.

Oxford Industries Stock Down 0.2 %

NYSE:OXM traded down $0.15 during midday trading on Friday, hitting $76.85. The company had a trading volume of 70,408 shares, compared to its average volume of 271,865. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88. The stock's fifty day moving average price is $79.66 and its 200-day moving average price is $92.66. The company has a market capitalization of $1.21 billion, a PE ratio of 42.31 and a beta of 1.55.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company had revenue of $419.89 million during the quarter, compared to analysts' expectations of $438.16 million. During the same quarter last year, the firm posted $3.45 earnings per share. The firm's revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Oxford Industries, Inc. will post 7.16 earnings per share for the current year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries's dividend payout ratio (DPR) is 147.25%.

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.