Freestone Grove Partners LP Makes New $1.22 Million Investment in Oxford Industries, Inc. (NYSE:OXM)

Freestone Grove Partners LP acquired a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,524 shares of the textile maker's stock, valued at approximately $1,223,000. Freestone Grove Partners LP owned 0.10% of Oxford Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after buying an additional 373 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Oxford Industries in the fourth quarter worth about $63,000. Blue Trust Inc. grew its stake in shares of Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after acquiring an additional 160 shares during the last quarter. Vestcor Inc purchased a new position in shares of Oxford Industries in the 4th quarter valued at approximately $100,000. Finally, Truvestments Capital LLC boosted its stake in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after purchasing an additional 326 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

Oxford Industries Price Performance

Shares of NYSE:OXM traded up $2.39 during midday trading on Thursday, hitting $55.55. The company had a trading volume of 114,935 shares, compared to its average volume of 366,876. The business's 50-day simple moving average is $54.48 and its 200-day simple moving average is $70.33. The stock has a market cap of $825.81 million, a price-to-earnings ratio of 62.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. Oxford Industries, Inc. has a twelve month low of $42.12 and a twelve month high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The firm had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.97%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is presently 47.02%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup dropped their price target on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. UBS Group cut their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the purchase, the director now directly owns 7,180 shares of the company's stock, valued at $421,466. The trade was a 16.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.70% of the stock is owned by insiders.

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.