GW&K Investment Management LLC Trims Position in Oxford Industries, Inc. (NYSE:OXM)

GW&K Investment Management LLC trimmed its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,353 shares of the textile maker's stock after selling 11,081 shares during the period. GW&K Investment Management LLC owned approximately 2.23% of Oxford Industries worth $19,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OXM. Quadrant Capital Group LLC boosted its position in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after purchasing an additional 373 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Oxford Industries in the fourth quarter worth approximately $213,000. Howe & Rusling Inc. bought a new position in shares of Oxford Industries in the fourth quarter worth approximately $215,000. ProShare Advisors LLC boosted its position in shares of Oxford Industries by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock worth $352,000 after purchasing an additional 1,376 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Oxford Industries in the fourth quarter worth approximately $409,000. 91.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Oxford Industries Price Performance

Shares of NYSE:OXM traded down $1.50 during midday trading on Friday, reaching $41.66. 108,178 shares of the company were exchanged, compared to its average volume of 446,350. 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's fifty day moving average is $47.01 and its two-hundred day moving average is $58.44. Oxford Industries, Inc. has a one year low of $36.99 and a one year high of $108.51. The stock has a market cap of $622.33 million, a PE ratio of 8.08 and a beta of 1.36.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $383.54 million. During the same quarter in the prior year, the business earned $2.66 earnings per share. Oxford Industries's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's payout ratio is 53.59%.

Insiders Place Their Bets

In other Oxford Industries news, CEO Robert S. Trauber purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average price of $41.38 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of $40.12 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate 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.