Envestnet Asset Management Inc. Boosts Position in Oxford Industries, Inc. (NYSE:OXM)

Envestnet Asset Management Inc. increased its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,772 shares of the textile maker’s stock after purchasing an additional 18,653 shares during the period. Envestnet Asset Management Inc. owned 0.55% of Oxford Industries worth $6,757,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Oxford Industries by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock valued at $48,738,000 after buying an additional 50,420 shares during the period. Wellington Management Group LLP boosted its position in shares of Oxford Industries by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after acquiring an additional 27,198 shares during the last quarter. American Century Companies Inc. grew its holdings in Oxford Industries by 11.9% in the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock valued at $37,778,000 after purchasing an additional 51,155 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Oxford Industries by 13.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker’s stock worth $36,186,000 after purchasing an additional 54,045 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Oxford Industries by 2.3% during the 4th quarter. William Blair Investment Management LLC now owns 367,623 shares of the textile maker’s stock valued at $28,961,000 after buying an additional 8,399 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OXM shares. Citigroup reduced their price objective 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 decreased their price target on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Telsey Advisory Group lowered their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, March 24th.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt purchased 1,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is currently owned by insiders.

Oxford Industries Stock Performance

Shares of OXM opened at $44.80 on Monday. The firm has a market cap of $665.94 million, a price-to-earnings ratio of 50.34 and a beta of 1.40. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $59.81 and its two-hundred day moving average is $72.69. Oxford Industries, Inc. has a 52-week low of $42.12 and a 52-week high of $111.46.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $390.51 million for the quarter, compared to analysts’ expectations of $383.94 million. During the same period in the prior year, the company posted $1.90 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Thursday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is currently 47.02%.

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.