Arrowstreet Capital Limited Partnership Grows Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Arrowstreet Capital Limited Partnership grew its position in Oxford Industries, Inc. (NYSE:OXM) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 459,328 shares of the textile maker’s stock after buying an additional 54,045 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.93% of Oxford Industries worth $36,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OXM. FMR LLC grew its position in Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after acquiring an additional 244,022 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock valued at $48,738,000 after purchasing an additional 50,420 shares in the last quarter. State Street Corp grew its holdings in shares of Oxford Industries by 1.3% in the third quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after purchasing an additional 7,336 shares in the last quarter. Wellington Management Group LLP increased its stake in Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock worth $48,011,000 after buying an additional 102,525 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Oxford Industries by 11.9% during the 4th quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock worth $37,778,000 after buying an additional 51,155 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Price Performance

Oxford Industries stock opened at $60.87 on Thursday. 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 fifty day simple moving average of $68.21 and a 200-day simple moving average of $76.16. The stock has a market cap of $955.72 million, a P/E ratio of 68.39 and a beta of 1.61. Oxford Industries, Inc. has a 12-month low of $53.23 and a 12-month high of $111.46.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results 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. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. During the same period in the previous year, the business earned $1.90 EPS. Oxford Industries’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be paid a $0.69 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 4.53%. The ex-dividend date is Thursday, April 17th. Oxford Industries’s dividend payout ratio is currently 47.02%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

OXM has been the topic of a number of recent research reports. UBS Group cut their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group cut their price target on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th.

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.