Versor Investments LP Acquires New Stake in Oxford Industries, Inc. $OXM

Versor Investments LP acquired a new stake in Oxford Industries, Inc. (NYSE:OXM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,400 shares of the textile maker’s stock, valued at approximately $492,000. Versor Investments LP owned 0.10% of Oxford Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OXM. American Century Companies Inc. grew its holdings in Oxford Industries by 6.0% during the 3rd quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock worth $24,126,000 after acquiring an additional 33,871 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Oxford Industries by 7.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock worth $19,115,000 after acquiring an additional 32,226 shares during the period. Bank of America Corp DE grew its holdings in Oxford Industries by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock worth $17,804,000 after acquiring an additional 14,103 shares during the period. RBO & Co. LLC grew its holdings in Oxford Industries by 49.1% during the 3rd quarter. RBO & Co. LLC now owns 294,076 shares of the textile maker’s stock worth $11,922,000 after acquiring an additional 96,787 shares during the period. Finally, Millennium Management LLC grew its holdings in Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after acquiring an additional 222,150 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Citigroup increased their price target on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Telsey Advisory Group increased their price target on Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial decreased their price target on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a report on Friday, March 27th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $38.00.

Oxford Industries Price Performance

OXM stock opened at $40.45 on Friday. The stock has a market capitalization of $602.29 million, a PE ratio of -20.85 and a beta of 1.03. The company’s 50-day moving average is $40.13 and its 200-day moving average is $38.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. Oxford Industries, Inc. has a 1 year low of $30.57 and a 1 year high of $57.73.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.Oxford Industries’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. Equities research analysts expect that Oxford Industries, Inc. will post 2.51 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders 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 of this dividend was Friday, April 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.9%. Oxford Industries’s payout ratio is currently -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.