Bayesian Capital Management LP Invests $409,000 in Oxford Industries, Inc. (NYSE:OXM)

Bayesian Capital Management LP purchased a new position in Oxford Industries, Inc. (NYSE:OXM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,193 shares of the textile maker's stock, valued at approximately $409,000.

Several other large investors have also modified their holdings of OXM. Quadrant Capital Group LLC lifted its holdings in Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after acquiring an additional 373 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after purchasing an additional 160 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries during the 4th quarter valued at about $63,000. Vestcor Inc bought a new position in shares of Oxford Industries in the fourth quarter valued at approximately $100,000. Finally, Truvestments Capital LLC boosted its position in shares of Oxford Industries by 15.6% in the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after acquiring an additional 326 shares during the period. Institutional investors own 91.16% of the company's stock.

Oxford Industries Trading Down 2.6 %

Shares of NYSE:OXM traded down $1.43 during midday trading on Friday, reaching $53.74. The company's stock had a trading volume of 414,014 shares, compared to its average volume of 371,837. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a market capitalization of $798.85 million, a price-to-earnings ratio of 60.38 and a beta of 1.43. The firm has a 50 day moving average price of $54.28 and a two-hundred day moving average price of $69.98. Oxford Industries, Inc. has a fifty-two week low of $42.12 and a fifty-two week high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. During the same period in the previous year, the company earned $1.90 earnings per share. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced 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 is a positive change from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Thursday, April 17th. Oxford Industries's dividend payout ratio is currently 47.02%.

Analyst Ratings Changes

Several analysts have weighed in on OXM shares. UBS Group dropped their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Telsey Advisory Group cut their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, Citigroup dropped their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday, April 7th.

Insider Activity at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now directly owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.70% of the stock is owned by corporate 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.