Weiss Asset Management LP Acquires New Stake in Oxford Industries, Inc. (NYSE:OXM)

Weiss Asset Management LP bought a new position in Oxford Industries, Inc. (NYSE:OXM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,601 shares of the textile maker’s stock, valued at approximately $2,742,000. Weiss Asset Management LP owned 0.20% of Oxford Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OXM. 1620 Investment Advisors Inc. bought a new position in Oxford Industries during the second quarter valued at about $28,000. Quarry LP boosted its position in shares of Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares during the last quarter. Verity Asset Management Inc. acquired a new position in shares of Oxford Industries in the 3rd quarter worth approximately $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Oxford Industries by 36.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 785 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OXM has been the topic of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a report on Wednesday. Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. Finally, UBS Group reduced their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.

Insider Activity

In related news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by corporate insiders.

Oxford Industries Price Performance

OXM stock opened at $79.85 on Friday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 43.87 and a beta of 1.56. Oxford Industries, Inc. has a 52-week low of $72.24 and a 52-week high of $113.88. The company’s 50 day simple moving average is $77.87 and its 200-day simple moving average is $89.37.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $3.45 earnings per share. Sell-side analysts predict that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.68 annualized dividend and a yield of 3.36%. Oxford Industries’s dividend payout ratio (DPR) is presently 147.25%.

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.