Oxford Industries, Inc. (NYSE:OXM) Stock Position Raised by Verition Fund Management LLC

Verition Fund Management LLC lifted its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 148.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,485 shares of the textile maker’s stock after purchasing an additional 84,505 shares during the period. Verition Fund Management LLC owned approximately 0.90% of Oxford Industries worth $12,275,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of OXM. Price T Rowe Associates Inc. MD raised its holdings in shares of Oxford Industries by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,264 shares of the textile maker’s stock valued at $817,000 after acquiring an additional 538 shares during the period. Comerica Bank raised its stake in Oxford Industries by 2.6% during the 1st quarter. Comerica Bank now owns 23,432 shares of the textile maker’s stock valued at $2,634,000 after purchasing an additional 589 shares during the period. Boston Partners purchased a new stake in shares of Oxford Industries in the first quarter valued at $990,000. Harbor Capital Advisors Inc. boosted its position in shares of Oxford Industries by 23.2% in the second quarter. Harbor Capital Advisors Inc. now owns 5,121 shares of the textile maker’s stock worth $513,000 after buying an additional 964 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Oxford Industries by 238.9% during the second quarter. SG Americas Securities LLC now owns 4,121 shares of the textile maker’s stock valued at $413,000 after buying an additional 2,905 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction on 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. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.

Oxford Industries Stock Up 0.2 %

OXM stock opened at $83.17 on Friday. The firm has a 50 day moving average of $78.38 and a two-hundred day moving average of $90.39. Oxford Industries, Inc. has a 12 month low of $72.24 and a 12 month high of $113.88. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 45.70 and a beta of 1.55.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data 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). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the prior year, the company posted $3.45 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OXM shares. Telsey Advisory Group reduced their price objective on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. UBS Group decreased their price target 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. Finally, Citigroup lowered their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th.

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.