Victory Capital Management Inc. Has $8.83 Million Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Victory Capital Management Inc. grew its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,334 shares of the textile maker's stock after buying an additional 21,206 shares during the quarter. Victory Capital Management Inc. owned approximately 0.57% of Oxford Industries worth $8,833,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Milestone Investment Advisors LLC purchased a new stake in Oxford Industries in the 3rd quarter worth about $38,000. AXQ Capital LP purchased a new stake in shares of Oxford Industries during the third quarter valued at about $221,000. Precedent Wealth Partners LLC bought a new stake in shares of Oxford Industries in the 4th quarter valued at about $236,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Oxford Industries in the 3rd quarter worth approximately $233,000. Finally, Pathstone Family Office LLC bought a new position in shares of Oxford Industries during the 3rd quarter worth approximately $239,000. Institutional investors own 91.16% of the company's stock.

Oxford Industries Trading Down 1.4 %

Shares of NYSE OXM traded down $1.51 during trading on Tuesday, hitting $107.53. 187,335 shares of the company were exchanged, compared to its average volume of 196,535. Oxford Industries, Inc. has a 12-month low of $82.33 and a 12-month high of $113.88. The firm has a market capitalization of $1.68 billion, a PE ratio of 29.56 and a beta of 1.58. The company has a fifty day moving average price of $106.97 and a 200-day moving average price of $99.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.02). The firm had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. As a group, equities research analysts expect that Oxford Industries, Inc. will post 9.6 EPS for the current year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were paid a $0.67 dividend. This is an increase from Oxford Industries's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $2.68 annualized dividend and a dividend yield of 2.49%. Oxford Industries's payout ratio is 72.63%.

Insider Buying and Selling at Oxford Industries

In related news, CEO Douglas B. Wood sold 33,587 shares of the firm's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the transaction, the chief executive officer now owns 12,394 shares of the company's stock, valued at $1,300,750.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OXM has been the topic of several analyst reports. UBS Group cut their price target on shares of Oxford Industries from $106.00 to $104.00 and set a "neutral" rating on the stock in a report on Monday, April 1st. Citigroup cut shares of Oxford Industries from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $98.00 to $94.00 in a research note on Monday, April 1st. Finally, Telsey Advisory Group restated a "market perform" rating and set a $110.00 price target on shares of Oxford Industries in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $103.60.

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.