Global Alpha Capital Management Ltd. Boosts Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Oxford Industries, Inc. by 37.7% during the first quarter, now holding approximately 1.94% of the company worth $16.9 million.
• Oxford Industries reported a net margin of 5.35% and earnings of $1.82 per share, meeting analysts' expectations, but the company's quarterly revenue decreased by 1.3% year-over-year.
• The company declared a quarterly dividend of $0.69, equating to an annualized yield of 7.1%, with a payout ratio of 53.59%.

Global Alpha Capital Management Ltd. boosted its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 37.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,300 shares of the textile maker's stock after buying an additional 79,000 shares during the period. Global Alpha Capital Management Ltd. owned approximately 1.94% of Oxford Industries worth $16,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OXM. Norges Bank acquired a new position in shares of Oxford Industries during the fourth quarter worth about $2,271,000. Envestnet Asset Management Inc. boosted its holdings in Oxford Industries by 27.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 85,772 shares of the textile maker's stock valued at $6,757,000 after purchasing an additional 18,653 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings 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 purchasing an additional 373 shares in the last quarter. Invesco Ltd. boosted its holdings in Oxford Industries by 21.9% in the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock valued at $32,272,000 after purchasing an additional 73,720 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Oxford Industries in the fourth quarter valued at approximately $4,041,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OXM. Truist Financial lowered their price target on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a report on Thursday, June 12th. Citigroup reduced their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. Finally, UBS Group boosted their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $55.80.

Oxford Industries Stock Performance

Shares of Oxford Industries stock traded up $2.05 during trading hours on Wednesday, hitting $45.31. 282,374 shares of the company were exchanged, compared to its average volume of 438,457. Oxford Industries, Inc. has a 1 year low of $36.25 and a 1 year high of $93.72. 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 business has a 50-day moving average of $43.25 and a 200-day moving average of $54.16. The stock has a market capitalization of $676.95 million, a price-to-earnings ratio of 8.80 and a beta of 1.38.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The firm 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 14.97% and a net margin of 5.35%. Oxford Industries's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.66 earnings per share. As a group, analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, July 18th. Oxford Industries's dividend payout ratio (DPR) is presently 53.59%.

Insider Transactions at Oxford Industries

In other news, CEO Robert S. Trauber acquired 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, with a total value of $413,800.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Caldecot Chubb III bought 6,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were bought 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 owned 59,063 shares in the company, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 16,818 shares of company stock worth $686,724. 6.00% of the stock is owned by corporate insiders.

Oxford Industries Company 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.