Wedge Capital Management L L P NC Sells 6,370 Shares of Oxford Industries, Inc. (NYSE:OXM)

Wedge Capital Management L L P NC lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 23.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,776 shares of the textile maker's stock after selling 6,370 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Oxford Industries worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Oxford Industries by 19.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,666 shares of the textile maker's stock valued at $830,000 after purchasing an additional 1,702 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Oxford Industries in the 4th quarter valued at about $376,000. Rhumbline Advisers grew its position in shares of Oxford Industries by 6.8% during the fourth quarter. Rhumbline Advisers now owns 48,590 shares of the textile maker's stock worth $3,828,000 after buying an additional 3,114 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Oxford Industries by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock worth $5,660,000 after buying an additional 2,137 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock worth $328,000 after buying an additional 137 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXM has been the subject of several analyst reports. Citigroup lowered their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a report on Thursday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a report on Thursday. UBS Group upped their price objective on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Truist Financial assumed coverage on shares of Oxford Industries in a report on Wednesday, May 28th. They issued a "hold" rating and a $56.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, Oxford Industries has an average rating of "Hold" and a consensus price target of $57.60.

Oxford Industries Stock Performance

Shares of OXM stock traded down $6.11 during trading hours on Thursday, reaching $43.92. The stock had a trading volume of 750,642 shares, compared to its average volume of 382,778. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a 50-day simple moving average of $52.05 and a 200-day simple moving average of $66.67. The firm has a market capitalization of $652.87 million, a PE ratio of 49.35 and a beta of 1.45. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $108.51.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same period in the prior year, the company posted $2.66 earnings per share. Oxford Industries's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 6.28%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, April 17th. Oxford Industries's payout ratio is presently 47.02%.

Insiders Place Their Bets

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now directly owns 7,180 shares in the company, valued at $421,466. This represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.00% of the company's stock.

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.