Silvercrest Asset Management Group LLC Sells 42,554 Shares of Oxford Industries, Inc. (NYSE:OXM)

Silvercrest Asset Management Group LLC lessened its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 620,083 shares of the textile maker's stock after selling 42,554 shares during the period. Silvercrest Asset Management Group LLC owned approximately 3.95% of Oxford Industries worth $48,850,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in Oxford Industries by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock valued at $352,000 after purchasing an additional 1,376 shares in the last quarter. Man Group plc bought a new stake in Oxford Industries in the fourth quarter valued at approximately $3,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Oxford Industries by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock valued at $664,000 after buying an additional 280 shares during the period. Invenomic Capital Management LP boosted its holdings in shares of Oxford Industries by 207.4% in the fourth quarter. Invenomic Capital Management LP now owns 75,915 shares of the textile maker's stock valued at $5,981,000 after buying an additional 51,221 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Oxford Industries by 51.8% in the fourth quarter. Deutsche Bank AG now owns 14,028 shares of the textile maker's stock valued at $1,105,000 after buying an additional 4,787 shares during the period. Institutional investors own 91.16% of the company's stock.

Oxford Industries Stock Down 2.2%

OXM traded down $1.25 during trading hours on Monday, hitting $55.85. 344,592 shares of the company's stock were exchanged, compared to its average volume of 376,811. Oxford Industries, Inc. has a 1-year low of $42.12 and a 1-year high of $111.44. The stock's 50-day moving average is $53.96 and its two-hundred day moving average is $69.23. The stock has a market cap of $830.21 million, a price-to-earnings ratio of 62.75 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.

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

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were issued a dividend of $0.69 per share. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 4.94%. Oxford Industries's dividend payout ratio is presently 47.02%.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt purchased 1,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares of the company's stock, valued at $421,466. The trade was a 16.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

About Oxford Industries

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.