First Trust Advisors LP Raises Stake in Oxford Industries, Inc. (NYSE:OXM)

First Trust Advisors LP increased its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 105.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,359 shares of the textile maker's stock after buying an additional 8,920 shares during the period. First Trust Advisors LP owned about 0.11% of Oxford Industries worth $1,368,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Senvest Management LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at $19,352,000. Barclays PLC lifted its position in shares of Oxford Industries by 84.0% in the 4th quarter. Barclays PLC now owns 89,234 shares of the textile maker's stock worth $7,029,000 after purchasing an additional 40,750 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Oxford Industries in the 4th quarter worth approximately $1,224,000. CenterBook Partners LP purchased a new stake in shares of Oxford Industries in the 4th quarter worth approximately $2,269,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Oxford Industries in the 4th quarter worth approximately $4,041,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

OXM has been the subject of several research reports. Citigroup lowered their price target on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Telsey Advisory Group cut their target price on 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. UBS Group cut their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the transaction, the director now directly owns 7,180 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 5.70% of the company's stock.

Oxford Industries Stock Up 9.6%

Shares of OXM stock traded up $5.16 during trading hours on Monday, reaching $58.93. 79,831 shares of the company's stock were exchanged, compared to its average volume of 370,758. Oxford Industries, Inc. has a 1 year low of $42.12 and a 1 year high of $111.46. The stock has a market cap of $875.93 million, a PE ratio of 66.33 and a beta of 1.43. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock's fifty day moving average price is $54.28 and its two-hundred day moving average price is $69.94.

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, topping analysts' consensus estimates of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company's revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. Research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were issued a $0.69 dividend. The ex-dividend date was Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.68%. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

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.