Oxford Industries, Inc. (NYSE:OXM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 70.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,482 shares of the textile maker's stock after selling 61,364 shares during the period. Victory Capital Management Inc. owned 0.17% of Oxford Industries worth $1,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased 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 valued at $66,958,000 after acquiring an additional 103,253 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Oxford Industries by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock worth $45,738,000 after acquiring an additional 27,198 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Oxford Industries by 13.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock valued at $36,186,000 after buying an additional 54,045 shares during the period. Invesco Ltd. lifted its position in Oxford Industries by 21.9% during the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock valued at $32,272,000 after buying an additional 73,720 shares during the period. Finally, Southernsun Asset Management LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at approximately $20,308,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oxford Industries

In related news, CEO Robert S. Trauber acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the purchase, the chief executive officer owned 13,364 shares in the company, valued at $553,002.32. This trade represents a 297.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of $40.12 per share, with a total value of $260,780.00. Following the purchase, the chief executive officer directly owned 59,063 shares in the company, 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OXM shares. Truist Financial lowered their price objective 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 raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 target price on shares of Oxford Industries in a research note on Thursday, June 12th. Finally, Citigroup lowered their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research 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.com, the stock currently has an average rating of "Hold" and an average target price of $55.80.

Oxford Industries Stock Down 7.0%

Shares of NYSE:OXM traded down $2.91 during midday trading on Wednesday, hitting $38.77. 493,783 shares of the stock were exchanged, compared to its average volume of 371,625. The company has a market capitalization of $579.22 million, a PE ratio of 7.53 and a beta of 1.36. Oxford Industries, Inc. has a 52-week low of $36.99 and a 52-week high of $108.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.32. The business's fifty day simple moving average is $45.89 and its two-hundred day simple moving average is $57.23.

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 (EPS) for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The business 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 firm posted $2.66 earnings per share. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm 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 $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 7.12%. Oxford Industries's dividend payout ratio is 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.