ExodusPoint Capital Management LP Invests $6.04 Million in Oxford Industries, Inc. (NYSE:OXM)

ExodusPoint Capital Management LP bought a new stake in Oxford Industries, Inc. (NYSE:OXM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 76,615 shares of the textile maker’s stock, valued at approximately $6,036,000.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in Oxford Industries by 3.7% in the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock valued at $328,000 after buying an additional 137 shares during the period. Blue Trust Inc. raised its stake in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 160 shares during the period. Truvestments Capital LLC lifted its holdings in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock valued at $190,000 after purchasing an additional 326 shares during the last quarter. Inspire Investing LLC boosted its position in Oxford Industries by 7.2% during the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock worth $401,000 after purchasing an additional 343 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Oxford Industries by 7.4% in the third quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker’s stock valued at $667,000 after purchasing an additional 527 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now owns 7,180 shares of the company’s stock, valued at approximately $421,466. The trade was a 16.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.

Oxford Industries Stock Performance

Shares of NYSE:OXM opened at $56.85 on Friday. Oxford Industries, Inc. has a 12-month low of $52.92 and a 12-month high of $111.46. The company’s 50 day moving average price is $67.15 and its two-hundred day moving average price is $75.75. The firm has a market cap of $845.08 million, a PE ratio of 63.88 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.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. Equities research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.69 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 4.85%. Oxford Industries’s dividend payout ratio is currently 47.02%.

Wall Street Analysts Forecast Growth

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

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.