GAMMA Investing LLC Has $1.43 Million Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

GAMMA Investing LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 36,701.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,289 shares of the textile maker's stock after purchasing an additional 24,223 shares during the quarter. GAMMA Investing LLC owned approximately 0.16% of Oxford Industries worth $1,425,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of OXM. Southernsun Asset Management LLC bought a new position in Oxford Industries in the fourth quarter valued at approximately $20,308,000. Senvest Management LLC bought a new position in Oxford Industries in the fourth quarter valued at approximately $19,352,000. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries in the fourth quarter valued at approximately $16,489,000. Dimensional Fund Advisors LP grew its stake in Oxford Industries by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after purchasing an additional 103,253 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in Oxford Industries in the fourth quarter valued at approximately $6,036,000. 91.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OXM shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research report on Thursday. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Citigroup cut their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday. UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Truist Financial cut their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Oxford Industries has an average rating of "Hold" and an average price target of $55.80.

Oxford Industries Stock Performance

Shares of OXM traded down $3.62 during mid-day trading on Friday, reaching $39.45. The company's stock had a trading volume of 1,059,833 shares, compared to its average volume of 384,580. The stock has a market cap of $586.38 million, a P/E ratio of 44.32 and a beta of 1.45. The business has a 50-day simple moving average of $51.72 and a two-hundred day simple moving average of $66.00. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 1-year low of $39.28 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, hitting the consensus estimate of $1.82. The business had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.66 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 yield of 7.00%. Oxford Industries's payout ratio is currently 53.59%.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is currently owned by insiders.

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.