Wellington Management Group LLP Buys 27,198 Shares of Oxford Industries, Inc. (NYSE:OXM)

Wellington Management Group LLP boosted its stake in shares of Oxford Industries, Inc. (NYSE:OXM) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 580,580 shares of the textile maker’s stock after buying an additional 27,198 shares during the period. Wellington Management Group LLP owned approximately 3.70% of Oxford Industries worth $45,738,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 buying an additional 54,045 shares during the period. Norges Bank bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $2,271,000. Howe & Rusling Inc. bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $215,000. WINTON GROUP Ltd purchased a new position in Oxford Industries during the 4th quarter valued at $3,092,000. Finally, KLP Kapitalforvaltning AS bought a new position in Oxford Industries in the 4th quarter valued at $473,000. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Price Performance

OXM opened at $56.85 on Friday. The company has a market capitalization of $845.08 million, a price-to-earnings ratio of 63.88 and a beta of 1.40. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries, Inc. has a 12-month low of $52.92 and a 12-month high of $111.46. The business’s fifty day simple moving average is $67.15 and its 200-day simple moving average is $75.75.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.85%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is presently 47.02%.

Insider Buying and Selling

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Milford W. Mcguirt bought 1,000 shares of Oxford Industries stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the completion of the acquisition, the director now directly owns 7,180 shares of the company’s stock, valued at $421,466. This represents 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.

Analyst Ratings Changes

Several analysts have recently weighed in on OXM shares. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. Telsey Advisory Group decreased 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 report on Monday, March 24th. Finally, UBS Group dropped their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th.

About Oxford Industries

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.