SG Americas Securities LLC Has $849,000 Stock Position in Oxford Industries, Inc. (NYSE:OXM)

SG Americas Securities LLC lifted its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 307.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,468 shares of the textile maker's stock after purchasing an additional 10,913 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Oxford Industries worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OXM. Rhumbline Advisers lifted its holdings in Oxford Industries by 6.8% in the fourth quarter. Rhumbline Advisers now owns 48,590 shares of the textile maker's stock valued at $3,828,000 after acquiring an additional 3,114 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Oxford Industries by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock valued at $5,660,000 after purchasing an additional 2,137 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Oxford Industries by 3.7% in the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after purchasing an additional 137 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries during the 4th quarter worth $63,000. Finally, Bank of New York Mellon Corp increased its position in shares of Oxford Industries by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock worth $18,281,000 after purchasing an additional 32,224 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Transactions at Oxford Industries

In related news, CEO Robert S. Trauber acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were acquired at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the purchase, the chief executive officer now directly owns 13,364 shares of the company's stock, valued at $553,002.32. The trade was a 297.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Milford W. Mcguirt acquired 1,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 17,500 shares of company stock worth $733,280. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

OXM has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $52.00 target price on shares of Oxford Industries in a research report on Thursday, June 12th. UBS Group upped their price target on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Citigroup lowered their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, Truist Financial decreased their target price on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Oxford Industries presently has a consensus rating of "Hold" and a consensus target price of $55.80.

Oxford Industries Price Performance

Shares of NYSE:OXM traded up $0.47 during midday trading on Friday, hitting $41.20. 679,442 shares of the stock were exchanged, compared to its average volume of 390,150. The company has a 50 day moving average price of $50.94 and a 200-day moving average price of $64.97. The stock has a market cap of $615.29 million, a P/E ratio of 8.00 and a beta of 1.45. Oxford Industries, Inc. has a twelve month low of $38.74 and a twelve month high of $108.51. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly 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 return on equity of 14.97% and a net margin of 5.35%. The company had revenue of $392.86 million for the quarter, compared to analyst estimates of $383.54 million. During the same quarter in the prior year, the company posted $2.66 EPS. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a yield of 6.70%. Oxford Industries's payout ratio is currently 53.59%.

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.