Quadrant Capital Group LLC Buys 373 Shares of Oxford Industries, Inc. (NYSE:OXM)

Quadrant Capital Group LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM) by 981.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 411 shares of the textile maker’s stock after acquiring an additional 373 shares during the period. Quadrant Capital Group LLC’s holdings in Oxford Industries were worth $32,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries during the fourth quarter valued at approximately $16,489,000. ExodusPoint Capital Management LP purchased a new stake in Oxford Industries during the fourth quarter valued at $6,036,000. Arrowstreet Capital Limited Partnership lifted its position in Oxford Industries by 13.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker’s stock valued at $36,186,000 after purchasing an additional 54,045 shares during the last quarter. Raymond James Financial Inc. bought a new position in Oxford Industries during the fourth quarter valued at $4,041,000. Finally, American Century Companies Inc. grew its stake in shares of Oxford Industries by 11.9% in the 4th quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock worth $37,778,000 after buying an additional 51,155 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

OXM has been the topic of several recent research reports. Telsey Advisory Group lowered their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, March 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. Citigroup cut their target price on Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, April 7th. Finally, UBS Group decreased their price target on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, March 28th.

Oxford Industries Trading Down 0.1 %

OXM opened at $50.84 on Friday. 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 firm has a market cap of $755.72 million, a price-to-earnings ratio of 57.12 and a beta of 1.40. Oxford Industries, Inc. has a 12 month low of $44.40 and a 12 month high of $111.46. The stock has a fifty day moving average price of $62.65 and a 200-day moving average price of $74.09.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.43%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. Oxford Industries’s dividend payout ratio is presently 47.02%.

Insider Buying and Selling

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the purchase, the director now directly owns 7,180 shares of the company’s stock, valued at $421,466. The trade was a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracey Hernandez sold 1,250 shares of the 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 directly owns 1,681 shares in the company, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

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.