Wealth Enhancement Advisory Services LLC Has $223,000 Stock Position in Oxford Industries, Inc. (NYSE:OXM)

Wealth Enhancement Advisory Services LLC lessened its stake in Oxford Industries, Inc. (NYSE:OXM) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,835 shares of the textile maker’s stock after selling 727 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Oxford Industries were worth $223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Oxford Industries by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker’s stock worth $1,917,000 after acquiring an additional 4,141 shares in the last quarter. Vident Advisory LLC increased its position in Oxford Industries by 9.0% during the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker’s stock valued at $650,000 after purchasing an additional 683 shares during the period. ProShare Advisors LLC grew its position in shares of Oxford Industries by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker’s stock worth $352,000 after buying an additional 1,376 shares during the period. Man Group plc acquired a new stake in shares of Oxford Industries during the 4th quarter worth approximately $3,119,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock worth $664,000 after buying an additional 280 shares during the period. Institutional investors own 91.16% of the company’s stock.

Insider Activity

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $40.12 per share, with a total value of $260,780.00. Following the acquisition, the chief executive officer now owns 59,063 shares in the company, valued at $2,369,607.56. The trade was a 12.37% increase in their position. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OXM shares. Truist Financial cut their target price on Oxford Industries from $56.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, June 12th. Citigroup cut their target price on Oxford Industries from $47.00 to $44.00 and set a “sell” rating on the stock in a report on Thursday, June 12th. Telsey Advisory Group restated a “market perform” rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.80.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $41.85 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $51.63 and its two-hundred day simple moving average is $65.60. Oxford Industries, Inc. has a 1-year low of $38.74 and a 1-year high of $108.51. The stock has a market cap of $622.07 million, a PE ratio of 47.02 and a beta of 1.45.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $392.86 million for the quarter, compared to analysts’ expectations of $383.54 million. During the same period last year, the business earned $2.66 EPS. The business’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, July 18th. Oxford Industries’s dividend payout ratio is presently 53.59%.

Oxford Industries Company 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.