Weiss Asset Management LP Makes New Investment in Oxford Industries, Inc. (NYSE:OXM)

Weiss Asset Management LP acquired a new stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,601 shares of the textile maker's stock, valued at approximately $2,742,000. Weiss Asset Management LP owned about 0.20% of Oxford Industries as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of OXM. 1620 Investment Advisors Inc. purchased a new stake in shares of Oxford Industries during the 2nd quarter valued at about $28,000. 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 acquiring an additional 465 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings 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 acquiring an additional 1,083 shares during the last quarter. Verity Asset Management Inc. purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at about $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Oxford Industries by 36.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker's stock valued at $295,000 after acquiring an additional 785 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value 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 trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.70% of the company's stock.

Oxford Industries Trading Down 0.2 %

NYSE OXM traded down $0.14 on Friday, reaching $79.85. 199,797 shares of the stock were exchanged, compared to its average volume of 290,415. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88. The firm has a market capitalization of $1.25 billion, a PE ratio of 43.87 and a beta of 1.56. The company's 50-day simple moving average is $77.87 and its two-hundred day simple moving average is $89.37.

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

Oxford Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries's dividend payout ratio (DPR) is currently 147.25%.

Wall Street Analyst Weigh In

OXM has been the topic of several recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday. UBS Group lowered their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Citigroup lowered their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a research note on Friday, September 13th.

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.