Intech Investment Management LLC Boosts Holdings in Oxford Industries, Inc. $OXM

Intech Investment Management LLC boosted its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 319.7% in the fourth quarter, HoldingsChannel reports. The fund owned 27,362 shares of the textile maker’s stock after purchasing an additional 20,843 shares during the quarter. Intech Investment Management LLC’s holdings in Oxford Industries were worth $936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC lifted its position in Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 294 shares during the last quarter. Quarry LP purchased a new stake in Oxford Industries during the third quarter valued at approximately $38,000. Signaturefd LLC lifted its position in Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 300 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Oxford Industries by 44.8% during the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OXM. Wall Street Zen raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Zacks Research raised shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Truist Financial set a $43.00 price target on shares of Oxford Industries in a report on Thursday. Citigroup raised their price target on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Finally, UBS Group raised their price target on shares of Oxford Industries from $33.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $42.50.

Oxford Industries Trading Down 0.1%

NYSE OXM opened at $44.08 on Monday. The company has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $39.12. The stock has a market cap of $656.38 million, a P/E ratio of -22.72 and a beta of 1.03. Oxford Industries, Inc. has a 12-month low of $30.57 and a 12-month high of $56.33. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The company had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts forecast that Oxford Industries, Inc. will post 2.51 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were issued a $0.70 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, April 17th. Oxford Industries’s dividend payout ratio is -144.33%.

Oxford Industries Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.