Wellington Management Group LLP Grows Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Wellington Management Group LLP boosted its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,382 shares of the textile maker's stock after buying an additional 102,525 shares during the quarter. Wellington Management Group LLP owned approximately 3.53% of Oxford Industries worth $48,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker's stock valued at $78,633,000 after buying an additional 244,022 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Oxford Industries by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker's stock valued at $56,631,000 after purchasing an additional 156,634 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker's stock valued at $49,300,000 after purchasing an additional 25,619 shares in the last quarter. State Street Corp raised its holdings in shares of Oxford Industries by 1.3% in the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker's stock valued at $48,549,000 after purchasing an additional 7,336 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Oxford Industries in the 2nd quarter valued at about $54,882,000. Institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OXM shares. UBS Group reduced their price target on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday. Telsey Advisory Group restated a "market perform" rating and issued a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th. Finally, Citigroup reduced their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research note on Friday, September 13th.

Insiders Place Their Bets

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now owns 31,428 shares of the company's stock, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by insiders.

Oxford Industries Stock Down 7.8 %

Shares of NYSE OXM traded down $6.53 during trading hours on Thursday, hitting $77.58. 967,035 shares of the stock were exchanged, compared to its average volume of 281,391. The company has a market cap of $1.22 billion, a PE ratio of 42.11 and a beta of 1.56. The firm has a fifty day moving average price of $77.81 and a 200-day moving average price of $88.90. Oxford Industries, Inc. has a 12 month low of $72.24 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company's revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. As a group, equities analysts anticipate that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

About Oxford Industries

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.