Prescott Group Capital Management L.L.C. Purchases Shares of 86,000 Oxford Industries, Inc. $OXM

Prescott Group Capital Management L.L.C. purchased a new stake in Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 86,000 shares of the textile maker’s stock, valued at approximately $2,941,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its holdings in Oxford Industries by 3.0% in the second quarter. Cerity Partners LLC now owns 9,914 shares of the textile maker’s stock valued at $399,000 after purchasing an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Oxford Industries by 46.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 294 shares during the last quarter. Signaturefd LLC boosted its holdings in Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 300 shares during the last quarter. CWM LLC boosted its holdings in Oxford Industries by 61.5% in the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Oxford Industries by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,094 shares of the textile maker’s stock valued at $531,000 after purchasing an additional 370 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Up 0.3%

OXM opened at $37.85 on Thursday. Oxford Industries, Inc. has a twelve month low of $30.57 and a twelve month high of $56.39. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $40.14 and a 200 day moving average price of $38.44. The company has a market cap of $563.51 million, a PE ratio of -19.51 and a beta of 1.03.

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

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were given a dividend of $0.70 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, April 17th. This represents a $2.80 annualized dividend and a dividend yield of 7.4%. Oxford Industries’s payout ratio is currently -144.33%.

Analysts Set New Price Targets

OXM has been the topic of several recent research reports. Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Zacks Research downgraded shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. UBS Group decreased their price objective on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Citigroup upped their price objective on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Finally, Telsey Advisory Group upped their price objective on shares of Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $38.00.

About Oxford Industries

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.