Avantax Advisory Services Inc. Raises Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Avantax Advisory Services Inc. raised its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 59.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,131 shares of the textile maker’s stock after purchasing an additional 5,992 shares during the quarter. Avantax Advisory Services Inc. owned 0.11% of Oxford Industries worth $946,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OXM. Sei Investments Co. increased its stake in shares of Oxford Industries by 15.9% in the fourth quarter. Sei Investments Co. now owns 14,368 shares of the textile maker’s stock worth $1,132,000 after acquiring an additional 1,969 shares during the period. Norges Bank purchased a new stake in Oxford Industries in the fourth quarter valued at $2,271,000. Wellington Management Group LLP grew its position in Oxford Industries by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after purchasing an additional 27,198 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Oxford Industries during the 4th quarter valued at about $6,036,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Oxford Industries by 27.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 85,772 shares of the textile maker’s stock valued at $6,757,000 after buying an additional 18,653 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oxford Industries

In related news, CEO Robert S. Trauber acquired 10,000 shares of Oxford Industries stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the transaction, the chief executive officer owned 13,364 shares of the company’s stock, valued at $553,002.32. This represents a 297.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the purchase, the chief executive officer directly owned 59,063 shares in the company, valued at $2,369,607.56. This represents a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Oxford Industries Price Performance

OXM stock opened at $36.97 on Friday. The business’s fifty day moving average price is $45.25 and its 200 day moving average price is $56.34. Oxford Industries, Inc. has a 12-month low of $36.25 and a 12-month high of $98.64. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $552.33 million, a PE ratio of 7.18 and a beta of 1.38.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The business had revenue of $392.86 million for the quarter, compared to analyst estimates of $383.54 million. During the same quarter in the prior year, the company earned $2.66 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a $0.69 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.5%. Oxford Industries’s dividend payout ratio is presently 53.59%.

Analyst Ratings Changes

Several research firms have recently issued reports on OXM. UBS Group increased their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $52.00 target price on shares of Oxford Industries in a research note on Thursday, June 12th. Truist Financial dropped their price target on shares of Oxford Industries from $56.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, June 12th. Finally, Citigroup cut their price target on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating for the company in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.80.

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.