Wellington Management Group LLP Has $45.74 Million Position in Oxford Industries, Inc. (NYSE:OXM)

Wellington Management Group LLP lifted its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 580,580 shares of the textile maker's stock after buying an additional 27,198 shares during the quarter. Wellington Management Group LLP owned approximately 3.70% of Oxford Industries worth $45,738,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Southernsun Asset Management LLC acquired a new position in Oxford Industries during the 4th quarter valued at about $20,308,000. Senvest Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $19,352,000. Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $16,489,000. Dimensional Fund Advisors LP grew its stake in shares of Oxford Industries by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after purchasing an additional 103,253 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $6,036,000. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Stock Down 2.1%

Shares of OXM stock traded down $1.14 on Monday, reaching $52.54. 129,984 shares of the company's stock traded hands, compared to its average volume of 377,707. Oxford Industries, Inc. has a 12-month low of $42.12 and a 12-month high of $111.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The company has a market capitalization of $780.99 million, a P/E ratio of 59.12 and a beta of 1.43. The business's 50 day moving average price is $52.93 and its two-hundred day moving average price is $67.79.

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

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were issued a dividend of $0.69 per share. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Thursday, April 17th. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OXM shares. Telsey Advisory Group lowered 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 research note on Wednesday, April 23rd. Truist Financial started coverage on shares of Oxford Industries in a research note on Wednesday, May 28th. They issued a "hold" rating and a $56.00 price objective on the stock. Citigroup lowered 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 note on Monday, April 7th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, UBS Group dropped their target price on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $58.40.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

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.