Millennium Management LLC Reduces Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Millennium Management LLC cut its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 73.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,234 shares of the textile maker's stock after selling 196,433 shares during the period. Millennium Management LLC owned approximately 0.45% of Oxford Industries worth $5,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Southernsun Asset Management LLC acquired a new stake in Oxford Industries in the fourth quarter valued at approximately $20,308,000. Senvest Management LLC acquired a new position in shares of Oxford Industries during the 4th quarter worth approximately $19,352,000. Global Alpha Capital Management Ltd. purchased a new position in shares of Oxford Industries during the 4th quarter valued at approximately $16,489,000. Dimensional Fund Advisors LP grew its stake in Oxford Industries by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after acquiring an additional 103,253 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in Oxford Industries in the 4th quarter valued at $6,036,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insiders Place Their Bets

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the purchase, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Oxford Industries Stock Down 1.0%

Shares of OXM stock traded down $0.56 during trading on Friday, reaching $53.70. The company's stock had a trading volume of 443,347 shares, compared to its average volume of 377,875. The company has a market capitalization of $798.28 million, a price-to-earnings ratio of 60.34 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 debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The stock's 50-day moving average price is $53.08 and its 200 day moving average price is $68.09.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. On average, research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.14%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is currently 47.02%.

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.