SG Americas Securities LLC Buys 10,913 Shares of Oxford Industries, Inc. (NYSE:OXM)

SG Americas Securities LLC boosted its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 307.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,468 shares of the textile maker's stock after purchasing an additional 10,913 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Oxford Industries worth $849,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its stake in shares of Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after acquiring an additional 373 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at about $63,000. Vestcor Inc purchased a new position in shares of Oxford Industries during the fourth quarter valued at about $100,000. Truvestments Capital LLC increased its position in shares of Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after buying an additional 326 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Oxford Industries during the fourth quarter valued at about $213,000. 91.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. 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. Citigroup reduced their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. Finally, UBS Group boosted their price target on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $55.80.

Insider Activity

In other news, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the business's stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 59,063 shares in the company, valued at $2,369,607.56. This represents a 12.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert S. Trauber purchased 10,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the acquisition, the chief executive officer now owns 13,364 shares of the company's stock, valued at approximately $553,002.32. The trade was a 297.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,500 shares of company stock worth $733,280 over the last 90 days. 6.00% of the stock is currently owned by insiders.

Oxford Industries Stock Down 3.0%

OXM traded down $1.22 during midday trading on Monday, reaching $39.99. The company's stock had a trading volume of 647,717 shares, compared to its average volume of 386,322. The firm has a market capitalization of $597.47 million, a price-to-earnings ratio of 7.77 and a beta of 1.45. 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, Inc. has a 1 year low of $38.74 and a 1 year high of $108.51. The stock's 50-day moving average is $50.55 and its 200-day moving average is $64.20.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates of $1.82. The business 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 was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 earnings per share. As a group, research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The company 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. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Friday, July 18th. Oxford Industries's payout ratio is 53.59%.

Oxford Industries 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.