SummerHaven Investment Management LLC Buys 109 Shares of Oxford Industries, Inc. (NYSE:OXM)

SummerHaven Investment Management LLC grew its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 7,016 shares of the textile maker’s stock after acquiring an additional 109 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Oxford Industries were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Milestone Investment Advisors LLC acquired a new stake in shares of Oxford Industries during the third quarter worth $38,000. GW Henssler & Associates Ltd. bought a new stake in Oxford Industries during the third quarter valued at $211,000. AXQ Capital LP acquired a new stake in Oxford Industries during the 3rd quarter worth about $221,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Oxford Industries in the 3rd quarter worth about $233,000. Finally, Precedent Wealth Partners LLC bought a new position in shares of Oxford Industries in the 4th quarter worth about $236,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research note on Wednesday, April 24th. Citigroup downgraded shares of Oxford Industries from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $98.00 to $94.00 in a research report on Monday, April 1st. Finally, UBS Group lowered their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Oxford Industries has a consensus rating of “Hold” and a consensus price target of $103.60.

Insider Transactions at Oxford Industries

In related news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the sale, the chief executive officer now owns 12,394 shares in the company, valued at approximately $1,300,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.00% of the stock is currently owned by insiders.

Oxford Industries Stock Up 3.1 %

Shares of NYSE:OXM opened at $109.98 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22. Oxford Industries, Inc. has a 52-week low of $82.33 and a 52-week high of $113.88. The business’s 50 day simple moving average is $105.37 and its two-hundred day simple moving average is $98.46. The firm has a market cap of $1.72 billion, a P/E ratio of 29.80 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The firm had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. During the same period in the previous year, the company earned $2.28 earnings per share. Oxford Industries’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Oxford Industries, Inc. will post 9.47 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.67 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, April 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 72.63%.

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.