Envestnet Asset Management Inc. Boosts Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Envestnet Asset Management Inc. grew its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,319 shares of the textile maker's stock after acquiring an additional 10,547 shares during the quarter. Envestnet Asset Management Inc. owned about 0.65% of Oxford Industries worth $5,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OXM. Southernsun Asset Management LLC acquired a new stake in Oxford Industries during the fourth quarter worth about $20,308,000. Senvest Management LLC acquired a new stake in Oxford Industries in the fourth quarter worth about $19,352,000. Dimensional Fund Advisors LP lifted its position in shares of Oxford Industries by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after acquiring an additional 103,253 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Oxford Industries during the 4th quarter worth about $6,036,000. Finally, Invesco Ltd. raised its stake in shares of Oxford Industries by 21.9% in the 4th quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock valued at $32,272,000 after acquiring an additional 73,720 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OXM. Citigroup dropped their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. UBS Group lifted their price target on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Truist Financial dropped their price objective on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, June 12th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $55.80.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the firm's stock in a transaction on Monday, June 16th. The shares were acquired at an average cost of $40.12 per share, with a total value of $260,780.00. Following the purchase, the chief executive officer directly owned 59,063 shares of the company's stock, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert S. Trauber bought 10,000 shares of Oxford Industries stock in a transaction dated Wednesday, June 18th. The shares were acquired at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the purchase, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This trade represents a 297.27% increase in their position. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.

Oxford Industries Stock Performance

Shares of OXM traded down $0.45 during mid-day trading on Friday, reaching $42.70. The company's stock had a trading volume of 347,858 shares, compared to its average volume of 421,341. The business has a 50-day simple moving average of $46.73 and a two-hundred day simple moving average of $57.96. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The stock has a market cap of $637.72 million, a P/E ratio of 8.29 and a beta of 1.36. Oxford Industries, Inc. has a 1-year low of $36.99 and a 1-year high of $108.51.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The firm had revenue of $392.86 million for the quarter, compared to analysts' expectations of $383.54 million. During the same period in the prior year, the firm earned $2.66 EPS. The business's revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's dividend payout ratio is currently 53.59%.

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.