Vestcor Inc Makes New Investment in Oxford Industries, Inc. (NYSE:OXM)

Vestcor Inc purchased a new position in Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,265 shares of the textile maker’s stock, valued at approximately $100,000.

Several other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in shares of Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock worth $328,000 after purchasing an additional 137 shares in the last quarter. Blue Trust Inc. lifted its position in Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares in the last quarter. Truvestments Capital LLC lifted its position in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after buying an additional 326 shares in the last quarter. Inspire Investing LLC lifted its position in Oxford Industries by 7.2% during the 4th quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock worth $401,000 after buying an additional 343 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Oxford Industries by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker’s stock worth $667,000 after buying an additional 527 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Performance

Shares of OXM stock opened at $61.64 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The stock has a market cap of $967.76 million, a PE ratio of 69.26 and a beta of 1.61. The stock has a 50-day moving average of $73.78 and a 200-day moving average of $77.95. Oxford Industries, Inc. has a one year low of $54.02 and a one year high of $113.88.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OXM. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th. KeyCorp dropped their price objective on Oxford Industries from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, UBS Group dropped their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th.

Insider Activity

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Oxford Industries 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.