Global Alpha Capital Management Ltd. Raises Stake 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. raised its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 37.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,300 shares of the textile maker's stock after acquiring an additional 79,000 shares during the quarter. Global Alpha Capital Management Ltd. owned approximately 1.94% of Oxford Industries worth $16,915,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted 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 worth $66,958,000 after acquiring an additional 103,253 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Oxford Industries by 9.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock worth $39,596,000 after purchasing an additional 56,235 shares in the last quarter. Wellington Management Group LLP raised its holdings in Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock worth $45,738,000 after purchasing an additional 27,198 shares in the last quarter. Invesco Ltd. raised its holdings in Oxford Industries by 21.9% during the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock worth $32,272,000 after purchasing an additional 73,720 shares in the last quarter. Finally, Southernsun Asset Management LLC acquired a new stake in Oxford Industries during the fourth quarter worth approximately $20,308,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group raised their price objective on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a report on Thursday, June 12th. Truist Financial cut 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, Citigroup cut their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $55.80.

Insider Buying and Selling at Oxford Industries

In other news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were bought at an average cost of $40.12 per share, with a total value of $260,780.00. Following the purchase, the chief executive officer owned 59,063 shares of the company's stock, valued at $2,369,607.56. This represents a 12.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert S. Trauber acquired 10,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was purchased 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 in the company, valued at $553,002.32. This trade represents a 297.27% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 16,818 shares of company stock worth $686,724 over the last three months. 6.00% of the stock is currently owned by corporate insiders.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $38.85 on Friday. The firm's fifty day simple moving average is $43.71 and its 200-day simple moving average is $54.93. The stock has a market capitalization of $580.45 million, a price-to-earnings ratio of 7.54 and a beta of 1.38. Oxford Industries, Inc. has a 12 month low of $36.25 and a 12 month high of $93.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64.

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

Oxford Industries Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, July 18th. Oxford Industries's 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.

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