Man Group plc Takes $3.12 Million Position in Oxford Industries, Inc. (NYSE:OXM)

Man Group plc acquired a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,589 shares of the textile maker's stock, valued at approximately $3,119,000. Man Group plc owned approximately 0.25% of Oxford Industries at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares in the last quarter. Blue Trust Inc. increased its stake in Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after acquiring an additional 160 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Oxford Industries during the fourth quarter valued at approximately $63,000. Vestcor Inc bought a new stake in shares of Oxford Industries in the 4th quarter valued at approximately $100,000. Finally, Truvestments Capital LLC lifted its stake in shares of Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after purchasing an additional 326 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Price Performance

Shares of OXM traded down $0.16 during mid-day trading on Wednesday, hitting $55.12. 55,735 shares of the company were exchanged, compared to its average volume of 375,959. The stock has a market cap of $819.36 million, a price-to-earnings ratio of 61.92 and a beta of 1.43. Oxford Industries, Inc. has a 1-year low of $42.12 and a 1-year high of $111.44. The company has a 50 day moving average of $53.32 and a 200-day moving average of $68.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. Analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.01%. The ex-dividend date was Thursday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is 47.02%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.00% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Truist Financial initiated coverage on Oxford Industries in a report on Wednesday. They issued a "hold" rating and a $56.00 price target on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. UBS Group decreased their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Telsey Advisory Group dropped their price objective on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $58.40.

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.