Hussman Strategic Advisors Inc. Purchases Shares of 8,400 Oxford Industries, Inc. (NYSE:OXM)

Hussman Strategic Advisors Inc. acquired a new stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,400 shares of the textile maker's stock, valued at approximately $493,000. Hussman Strategic Advisors Inc. owned approximately 0.06% of Oxford Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund increased its stake in Oxford Industries by 3.4% during the first quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock worth $471,000 after acquiring an additional 267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Oxford Industries by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock worth $664,000 after buying an additional 280 shares during the period. 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 buying an additional 373 shares during the period. MetLife Investment Management LLC boosted its position in shares of Oxford Industries by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,028 shares of the textile maker's stock worth $711,000 after buying an additional 512 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of Oxford Industries by 9.0% in the fourth quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker's stock worth $650,000 after buying an additional 683 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oxford Industries

In related news, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was purchased at an average cost of $40.12 per share, with a total value of $260,780.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert S. Trauber purchased 10,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was bought at an average cost of $41.38 per share, with a total value of $413,800.00. Following the completion of the purchase, the chief executive officer owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This represents a 297.27% increase in their position. The disclosure for this purchase can be found here. 6.00% of the stock is owned by insiders.

Oxford Industries Stock Performance

OXM stock traded up $3.12 during mid-day trading on Tuesday, hitting $44.63. 331,095 shares of the company were exchanged, compared to its average volume of 406,106. The business has a 50 day simple moving average of $48.14 and a 200-day simple moving average of $59.17. 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 stock has a market capitalization of $666.77 million, a PE ratio of 8.67 and a beta of 1.36. Oxford Industries, Inc. has a 1-year low of $36.99 and a 1-year high of $108.51.

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, hitting the consensus estimate of $1.82. The company 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 business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $2.66 earnings per share. On average, equities analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.18%. Oxford Industries's dividend payout ratio (DPR) is presently 53.59%.

Analyst Upgrades and Downgrades

OXM has been the topic of a number of research reports. Truist Financial dropped their price target on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. Citigroup lowered their target price on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group lifted their price target 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, Telsey Advisory Group reiterated a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research 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. Based on data from MarketBeat, Oxford Industries currently has a consensus rating of "Hold" and an average target price of $55.80.

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.