Victory Capital Management Inc. Reduces Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Victory Capital Management Inc. lowered its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 70.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,482 shares of the textile maker's stock after selling 61,364 shares during the quarter. Victory Capital Management Inc. owned about 0.17% of Oxford Industries worth $1,495,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Oxford Industries during the fourth quarter worth about $213,000. ProShare Advisors LLC lifted its position in shares of Oxford Industries by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock worth $352,000 after purchasing an additional 1,376 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Oxford Industries during the fourth quarter worth about $409,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Oxford Industries during the fourth quarter worth about $413,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OXM. 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. UBS Group increased their price target on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research report on Thursday, June 12th. Finally, 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $55.80.

Insider Activity at Oxford Industries

In related news, CEO Robert S. Trauber purchased 10,000 shares of the company's stock in a transaction 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 completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was bought at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the purchase, the chief executive officer directly owned 59,063 shares of the company's stock, valued at $2,369,607.56. The trade was a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Oxford Industries Stock Down 3.2%

Shares of OXM stock traded down $1.21 during trading hours on Friday, reaching $36.97. 369,460 shares of the stock were exchanged, compared to its average volume of 373,294. The business's fifty day moving average is $45.25 and its two-hundred day moving average is $56.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. Oxford Industries, Inc. has a 12-month low of $36.25 and a 12-month high of $98.64. The firm has a market capitalization of $552.15 million, a P/E ratio of 7.18 and a beta of 1.36.

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

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, July 18th. Oxford Industries's dividend payout ratio is currently 53.59%.

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.