Envestnet Asset Management Inc. Raises Stock Holdings in Oxford Industries, Inc. (NYSE:OXM)

Envestnet Asset Management Inc. increased its position in Oxford Industries, Inc. (NYSE:OXMGet Rating) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,700 shares of the textile maker’s stock after buying an additional 2,026 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Oxford Industries were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Oxford Industries by 60.5% in the first quarter. Lazard Asset Management LLC now owns 1,112 shares of the textile maker’s stock worth $100,000 after buying an additional 419 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Oxford Industries during the 2nd quarter valued at $125,000. KBC Group NV increased its position in Oxford Industries by 619.0% during the 1st quarter. KBC Group NV now owns 1,704 shares of the textile maker’s stock valued at $154,000 after purchasing an additional 1,467 shares during the period. Captrust Financial Advisors increased its position in Oxford Industries by 28.0% during the 1st quarter. Captrust Financial Advisors now owns 2,055 shares of the textile maker’s stock valued at $186,000 after purchasing an additional 449 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Oxford Industries during the 2nd quarter valued at $199,000. 93.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Carol B. Yancey purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were bought at an average price of $91.66 per share, for a total transaction of $45,830.00. Following the purchase, the director now directly owns 1,530 shares in the company, valued at approximately $140,239.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Carol B. Yancey purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were bought at an average price of $91.66 per share, for a total transaction of $45,830.00. Following the purchase, the director now directly owns 1,530 shares in the company, valued at approximately $140,239.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis M. Love sold 1,000 shares of the company’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $91.12, for a total transaction of $91,120.00. Following the completion of the transaction, the director now owns 19,065 shares in the company, valued at approximately $1,737,202.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $942,370 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

Oxford Industries Trading Up 5.5 %

Shares of OXM stock opened at $114.51 on Wednesday. Oxford Industries, Inc. has a 12 month low of $76.21 and a 12 month high of $119.50. The stock has a market cap of $1.82 billion, a PE ratio of 11.47 and a beta of 1.47. The company’s fifty day moving average price is $95.84 and its 200-day moving average price is $94.73.

Oxford Industries (NYSE:OXMGet Rating) last announced its earnings results on Thursday, September 1st. The textile maker reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.16. The firm had revenue of $363.43 million for the quarter, compared to analysts’ expectations of $363.92 million. Oxford Industries had a net margin of 13.09% and a return on equity of 32.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.24 EPS. On average, sell-side analysts forecast that Oxford Industries, Inc. will post 10.48 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 13th. Oxford Industries’s payout ratio is 22.04%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Piper Sandler boosted their price objective on shares of Oxford Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, September 20th. KeyCorp boosted their target price on shares of Oxford Industries from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, September 2nd. Finally, Citigroup upgraded shares of Oxford Industries from a “sell” rating to a “neutral” rating and boosted their target price for the company from $92.00 to $105.00 in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.50.

About Oxford Industries

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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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.

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Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

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