Royce & Associates LP Sells 7,673 Shares of Oxford Industries, Inc. (NYSE:OXM)

Royce & Associates LP cut its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 20.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,457 shares of the textile maker’s stock after selling 7,673 shares during the period. Royce & Associates LP’s holdings in Oxford Industries were worth $2,321,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OXM. Advisors Asset Management Inc. grew its stake in Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Oxford Industries in the 3rd quarter valued at about $502,000. Charles Schwab Investment Management Inc. grew its position in shares of Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after buying an additional 25,619 shares during the last quarter. Cerity Partners LLC grew its position in shares of Oxford Industries by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock worth $923,000 after buying an additional 2,167 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after acquiring an additional 244,022 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Down 0.5 %

OXM stock opened at $61.15 on Friday. The stock has a market capitalization of $960.07 million, a PE ratio of 68.71 and a beta of 1.61. Oxford Industries, Inc. has a 52 week low of $54.02 and a 52 week high of $113.88. 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 firm has a 50 day moving average of $72.78 and a 200 day moving average of $77.72.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OXM shares. Telsey Advisory Group restated a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group lowered their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Finally, KeyCorp dropped their target price on Oxford Industries from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday.

Insiders Place Their Bets

In related news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.70% of the company’s stock.

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.