Wellington Management Group LLP Purchases 27,198 Shares of Oxford Industries, Inc. (NYSE:OXM)

Wellington Management Group LLP boosted its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,580 shares of the textile maker's stock after purchasing an additional 27,198 shares during the quarter. Wellington Management Group LLP owned about 3.70% of Oxford Industries worth $45,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock worth $48,738,000 after buying an additional 50,420 shares in the last quarter. State Street Corp lifted its stake in shares of Oxford Industries by 1.3% in the third quarter. State Street Corp now owns 559,581 shares of the textile maker's stock worth $48,549,000 after buying an additional 7,336 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Oxford Industries by 11.9% in the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker's stock worth $37,778,000 after buying an additional 51,155 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Oxford Industries by 13.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock worth $36,186,000 after buying an additional 54,045 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Oxford Industries by 2.3% in the fourth quarter. William Blair Investment Management LLC now owns 367,623 shares of the textile maker's stock worth $28,961,000 after buying an additional 8,399 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

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Analysts Set New Price Targets

OXM has been the topic of several analyst reports. Citigroup dropped their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday. UBS Group lowered their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th.

Oxford Industries Stock Performance

OXM traded down $5.03 during trading on Thursday, hitting $49.27. The company's stock had a trading volume of 109,941 shares, compared to its average volume of 349,011. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a one year low of $44.40 and a one year high of $111.46. The firm has a market cap of $732.41 million, a PE ratio of 55.39 and a beta of 1.40. The business's 50 day simple moving average is $63.65 and its 200-day simple moving average is $74.58.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same period last year, the firm earned $1.90 earnings per share. The company's quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a $0.69 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 5.60%. Oxford Industries's dividend payout ratio (DPR) is presently 47.02%.

Insiders Place Their Bets

In related 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 transaction of $108,650.00. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Also, Director Milford W. Mcguirt acquired 1,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average price of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now directly owns 7,180 shares of the company's stock, valued at $421,466. The trade was a 16.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.70% of the company's stock.

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.