Royce & Associates LP Sells 9,708 Shares of Oxford Industries, Inc. (NYSE:OXM)

Key Points

• Royce & Associates LP reduced its stake in Oxford Industries, Inc. by 33.0%, owning 19,749 shares valued at $1,159,000 after selling 9,708 shares in the 1st quarter.
• Oxford Industries reported $1.82 earnings per share for the quarter, meeting analysts' estimates, but revenue decreased by 1.3% year-over-year.
• The company announced a quarterly dividend of $0.69 per share, with a yield of 6.32%, to be paid on August 1st.

Royce & Associates LP trimmed its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 33.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,749 shares of the textile maker's stock after selling 9,708 shares during the quarter. Royce & Associates LP owned about 0.13% of Oxford Industries worth $1,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OXM. Quadrant Capital Group LLC boosted its stake in 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 purchasing an additional 373 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Oxford Industries during the 4th quarter valued at $213,000. ProShare Advisors LLC boosted its stake in Oxford Industries by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock valued at $352,000 after purchasing an additional 1,376 shares in the last quarter. Bayesian Capital Management LP bought a new position in Oxford Industries during the 4th quarter valued at $409,000. Finally, Meeder Asset Management Inc. bought a new position in Oxford Industries during the 4th quarter valued at $413,000. 91.16% of the stock is owned by institutional investors.

Oxford Industries Price Performance

Shares of OXM traded down $1.44 during trading hours on Friday, hitting $36.74. 120,651 shares of the company were exchanged, compared to its average volume of 443,851. The company has a market capitalization of $548.96 million, a PE ratio of 7.15 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. The firm has a fifty day simple moving average of $45.57 and a 200-day simple moving average of $56.89. Oxford Industries, Inc. has a one year low of $36.25 and a one year high of $98.64.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $392.86 million during the quarter, compared to analyst estimates of $383.54 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The company's revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $2.66 EPS. As a group, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.69 dividend. The ex-dividend date is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.5%. Oxford Industries's dividend payout ratio is presently 53.59%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OXM. Truist Financial decreased their price target on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday, June 12th. UBS Group increased their price target on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Citigroup decreased their price target on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.80.

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.