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

ExodusPoint Capital Management LP acquired a new stake in Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,615 shares of the textile maker’s stock, valued at approximately $6,036,000. ExodusPoint Capital Management LP owned 0.49% of Oxford Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 160 shares during the period. Venturi Wealth Management LLC bought a new position in Oxford Industries during the fourth quarter worth about $63,000. Vestcor Inc acquired a new position in shares of Oxford Industries during the 4th quarter worth about $100,000. M&T Bank Corp bought a new stake in shares of Oxford Industries in the 3rd quarter valued at about $206,000. Finally, Truvestments Capital LLC raised its position in shares of Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 326 shares during the period. 91.16% of the stock is owned by institutional investors.

Insider Transactions at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now directly 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 disclosure for this purchase can be found here. 5.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Oxford Industries Trading Up 3.7 %

Shares of NYSE:OXM opened at $56.85 on Friday. The firm has a market cap of $845.08 million, a price-to-earnings ratio of 63.88 and a beta of 1.40. Oxford Industries, Inc. has a 12 month low of $52.92 and a 12 month high of $111.46. The company’s fifty day simple moving average is $67.15 and its 200 day simple moving average is $75.75. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 earnings per share. As a group, research analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.85%. Oxford Industries’s dividend payout ratio (DPR) is 47.02%.

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.