Wedge Capital Management L L P NC Sells 6,370 Shares of Oxford Industries, Inc. (NYSE:OXM)

Wedge Capital Management L L P NC reduced its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 23.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,776 shares of the textile maker’s stock after selling 6,370 shares during the period. Wedge Capital Management L L P NC owned approximately 0.14% of Oxford Industries worth $1,219,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the period. Venturi Wealth Management LLC purchased a new position in Oxford Industries in the 4th quarter worth $63,000. Vestcor Inc purchased a new position in Oxford Industries in the 4th quarter worth $100,000. Truvestments Capital LLC raised its position in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after purchasing an additional 326 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in Oxford Industries in the 4th quarter worth $213,000. 91.16% of the stock is owned by institutional investors.

Oxford Industries Stock Down 0.5%

Shares of OXM stock opened at $54.77 on Wednesday. Oxford Industries, Inc. has a 12 month low of $42.12 and a 12 month high of $108.51. The stock has a market cap of $814.20 million, a P/E ratio of 61.54 and a beta of 1.45. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $52.18 and a two-hundred day simple moving average of $66.78.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The firm had revenue of $390.51 million during the quarter, compared to analysts’ expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. On average, research analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Thursday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio is currently 47.02%.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. The trade was a 16.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OXM. UBS Group lifted their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. Truist Financial started coverage on shares of Oxford Industries in a research report on Wednesday, May 28th. They issued a “hold” rating and a $56.00 price objective on the stock. Citigroup decreased their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, April 7th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $52.00 price objective on shares of Oxford Industries in a research report on Thursday, June 5th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.20.

About Oxford Industries

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.