Quantbot Technologies LP Raises Position in Oxford Industries, Inc. (NYSE:OXM)

Quantbot Technologies LP increased its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 229.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,655 shares of the textile maker’s stock after purchasing an additional 15,078 shares during the period. Quantbot Technologies LP’s holdings in Oxford Industries were worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in OXM. 1620 Investment Advisors Inc. acquired a new stake in Oxford Industries in the second quarter valued at $28,000. Quarry LP increased its holdings in shares of Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after buying an additional 1,083 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Oxford Industries in the 3rd quarter worth approximately $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Oxford Industries by 36.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on OXM shares. Citigroup decreased their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Finally, UBS Group dropped their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.

Insider Activity

In other news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.70% of the company’s stock.

Oxford Industries Stock Performance

Shares of NYSE:OXM opened at $83.17 on Friday. The business’s fifty day moving average price is $78.45 and its two-hundred day moving average price is $90.57. The stock has a market cap of $1.31 billion, a PE ratio of 45.70 and a beta of 1.55. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). The firm had revenue of $419.89 million during the quarter, compared to analysts’ expectations of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $3.45 earnings per share. As a group, equities research analysts predict that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is 147.25%.

Oxford Industries Company 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.