GAMMA Investing LLC Acquires 24,223 Shares of Oxford Industries, Inc. (NYSE:OXM)

GAMMA Investing LLC increased its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 36,701.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,289 shares of the textile maker's stock after buying an additional 24,223 shares during the period. GAMMA Investing LLC owned 0.16% of Oxford Industries worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in Oxford Industries by 981.6% in the fourth 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. Venturi Wealth Management LLC bought a new position in Oxford Industries in the fourth quarter valued at approximately $63,000. Vestcor Inc bought a new position in Oxford Industries in the fourth quarter valued at approximately $100,000. Truvestments Capital LLC increased its stake in 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 last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Oxford Industries in the fourth quarter valued at approximately $213,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the acquisition, the chief executive officer now owns 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt acquired 1,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the acquisition, the director now directly owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OXM. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Citigroup decreased their target price on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 target price on shares of Oxford Industries in a research note on Thursday, June 12th. Truist Financial decreased their target price on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, June 12th. Finally, UBS Group boosted their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.80.

Oxford Industries Trading Down 3.8%

OXM stock traded down $1.62 during midday trading on Wednesday, hitting $40.78. The stock had a trading volume of 483,826 shares, compared to its average volume of 388,991. The firm has a market cap of $609.25 million, a P/E ratio of 7.92 and a beta of 1.45. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. Oxford Industries, Inc. has a 1-year low of $38.74 and a 1-year high of $108.51. The business has a fifty day moving average price of $51.14 and a two-hundred day moving average price of $65.26.

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

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.69 per share. The ex-dividend date is Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.77%. Oxford Industries's dividend payout ratio is currently 53.59%.

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.