Oxford Industries, Inc. $OXM Shares Purchased by UBS Group AG

UBS Group AG boosted its holdings in Oxford Industries, Inc. (NYSE:OXM) by 207.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,189 shares of the textile maker’s stock after buying an additional 101,334 shares during the period. UBS Group AG owned 1.01% of Oxford Industries worth $5,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OXM. AQR Capital Management LLC boosted its stake in Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock worth $381,000 after buying an additional 1,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after buying an additional 387 shares during the last quarter. Millennium Management LLC boosted its stake in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after buying an additional 222,150 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Oxford Industries by 22.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after buying an additional 5,577 shares during the last quarter. Finally, Norges Bank acquired a new stake in Oxford Industries in the 2nd quarter worth about $369,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Performance

Oxford Industries stock opened at $39.08 on Friday. The stock’s 50-day moving average is $40.15 and its 200-day moving average is $38.46. The company has a market cap of $581.74 million, a price-to-earnings ratio of -20.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. Oxford Industries, Inc. has a 12 month low of $30.57 and a 12 month high of $56.39.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The firm had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Equities analysts anticipate that Oxford Industries, Inc. will post 2.51 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s dividend payout ratio (DPR) is -144.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OXM. Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Wall Street Zen lowered Oxford Industries from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Telsey Advisory Group raised their price objective on Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Truist Financial cut their price objective on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th. Finally, UBS Group cut their price objective on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Oxford Industries has an average rating of “Reduce” and an average price target of $38.00.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.