Invenomic Capital Management LP Purchases Shares of 24,694 Oxford Industries, Inc. (NYSE:OXM)

Invenomic Capital Management LP purchased a new stake in Oxford Industries, Inc. (NYSE:OXM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,694 shares of the textile maker’s stock, valued at approximately $2,142,000. Invenomic Capital Management LP owned approximately 0.16% of Oxford Industries at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Oxford Industries by 221.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 96,330 shares of the textile maker’s stock worth $8,358,000 after purchasing an additional 66,320 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Oxford Industries during the third quarter worth about $315,000. Verition Fund Management LLC raised its stake in Oxford Industries by 148.3% during the 3rd quarter. Verition Fund Management LLC now owns 141,485 shares of the textile maker’s stock valued at $12,275,000 after acquiring an additional 84,505 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Oxford Industries by 56.0% in the 3rd quarter. Captrust Financial Advisors now owns 4,380 shares of the textile maker’s stock valued at $380,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Oxford Industries in the third quarter valued at approximately $575,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Trading Down 2.8 %

OXM stock opened at $80.94 on Wednesday. The stock has a 50-day moving average price of $78.32 and a two-hundred day moving average price of $89.99. The company has a market cap of $1.27 billion, a PE ratio of 44.47 and a beta of 1.56. Oxford Industries, Inc. has a 12-month low of $72.24 and a 12-month high of $113.88.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. During the same period last year, the business earned $3.45 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Oxford Industries, Inc. will post 7.16 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is 147.25%.

Insider Transactions at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Telsey Advisory Group decreased their price target on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Finally, UBS Group reduced their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th.

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.