Dupree Financial Group LLC Makes New $4.49 Million Investment in Oxford Industries, Inc. $OXM

Key Points

• Dupree Financial Group LLC opened a new position in Oxford Industries (NYSE:OXM), buying 131,369 shares valued at approximately $4.49 million, which is 1.6% of the fund's portfolio and left Dupree owning about 0.88% of the company.
• Oxford missed Q1 EPS (‑$0.09 vs. $0.05 expected) with revenue down 4.1% YoY to $374.5M, but the company raised its quarterly dividend to $0.70 (annualized $2.80), yielding 6.2%.
• Institutional ownership is high at 91.16% with several large funds adding shares, yet analyst sentiment is cautious — MarketBeat shows a consensus "Reduce" rating and a $38 target amid recent downgrades.

Dupree Financial Group LLC bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 131,369 shares of the textile maker's stock, valued at approximately $4,493,000. Oxford Industries comprises 1.6% of Dupree Financial Group LLC's portfolio, making the stock its 26th largest position. Dupree Financial Group LLC owned 0.88% of Oxford Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OXM. Millennium Management LLC lifted its position in Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker's stock worth $17,213,000 after acquiring an additional 222,150 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Oxford Industries during the 2nd quarter worth $7,195,000. Two Sigma Investments LP lifted its position in Oxford Industries by 394.9% during the 3rd quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker's stock worth $7,773,000 after acquiring an additional 152,995 shares during the last quarter. Lazard Asset Management LLC lifted its position in Oxford Industries by 569.6% during the 3rd quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker's stock worth $7,067,000 after acquiring an additional 148,283 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new position in Oxford Industries during the 3rd quarter worth $5,068,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Stock Down 1.6%

NYSE OXM opened at $44.80 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The firm has a 50-day simple moving average of $39.29 and a 200 day simple moving average of $38.05. Oxford Industries, Inc. has a twelve month low of $30.57 and a twelve month high of $60.31. The stock has a market cap of $667.00 million, a PE ratio of -23.09 and a beta of 1.00.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The company had revenue of $374.49 million during the quarter, compared to the consensus estimate of $372.30 million. During the same quarter in the previous year, the business posted $1.37 EPS. The firm's quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Oxford Industries, Inc. will post 2.51 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a $0.70 dividend. The ex-dividend date is Friday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a dividend yield of 6.2%. Oxford Industries's dividend payout ratio is -144.33%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OXM shares. Telsey Advisory Group boosted their target price on shares of Oxford Industries from $36.00 to $51.00 and gave the stock a "market perform" rating in a research report on Wednesday. UBS Group cut their target price on shares of Oxford Industries from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, March 19th. Wall Street Zen lowered shares of Oxford Industries from a "hold" rating to a "sell" rating in a research report on Sunday, April 5th. Zacks Research lowered shares of Oxford Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Oxford Industries in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $38.00.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men's and women's lifestyle apparel and accessories. The company's product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women's sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.