Earnest Partners LLC Purchases 31,039 Shares of Oxford Industries, Inc. (NYSE:OXM)

Earnest Partners LLC grew its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,054 shares of the textile maker's stock after purchasing an additional 31,039 shares during the quarter. Earnest Partners LLC owned about 0.95% of Oxford Industries worth $11,742,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake 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 buying an additional 373 shares in the last quarter. Blue Trust Inc. grew its position in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after purchasing an additional 160 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Oxford Industries during the 4th quarter worth about $63,000. Vestcor Inc bought a new position in Oxford Industries in the 4th quarter worth about $100,000. Finally, Truvestments Capital LLC grew its holdings in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Price Performance

Shares of NYSE OXM traded up $1.96 during mid-day trading on Friday, reaching $50.06. 300,808 shares of the company were exchanged, compared to its average volume of 364,630. The stock has a market capitalization of $744.14 million, a PE ratio of 56.25 and a beta of 1.40. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 52 week low of $42.12 and a 52 week high of $111.46. The company's 50 day moving average price is $55.14 and its 200 day moving average price is $70.89.

Oxford Industries (NYSE:OXM - Get Free Report) last posted 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 return on equity of 19.09% and a net margin of 0.98%. 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 business earned $1.90 EPS. Sell-side analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Thursday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is presently 47.02%.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 5.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OXM shares. UBS Group lowered their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Telsey Advisory Group cut their price target on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, Citigroup reduced their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday, April 7th.

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.