Wedge Capital Management L L P NC Acquires 5,911 Shares of Oxford Industries, Inc. (NYSE:OXM)

Wedge Capital Management L L P NC increased its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,146 shares of the textile maker's stock after acquiring an additional 5,911 shares during the quarter. Wedge Capital Management L L P NC owned about 0.17% of Oxford Industries worth $2,139,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker's stock valued at $48,000 after purchasing an additional 465 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker's stock worth $136,000 after buying an additional 1,083 shares in the last quarter. M&T Bank Corp bought a new position in Oxford Industries during the third quarter valued at approximately $206,000. Verity Asset Management Inc. bought a new position in Oxford Industries during the third quarter valued at approximately $233,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in 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 valued at $336,000 after buying an additional 150 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OXM has been the topic of several recent research reports. UBS Group decreased their price objective on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $86.00 price target on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Trading Down 1.5 %

OXM stock traded down $1.31 during midday trading on Monday, reaching $85.30. 269,663 shares of the company traded hands, compared to its average volume of 305,371. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 95.84 and a beta of 1.56. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88. The business has a 50 day moving average of $81.27 and a 200-day moving average of $84.82. 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 (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $308.00 million for the quarter, compared to analysts' expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, sell-side analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.14%. Oxford Industries's dividend payout ratio is presently 301.13%.

Insider Activity at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by insiders.

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.