Pinnacle Associates Ltd. Purchases 68,932 Shares of Oxford Industries, Inc. $OXM

Pinnacle Associates Ltd. grew its holdings in Oxford Industries, Inc. (NYSE:OXM) by 427.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,042 shares of the textile maker’s stock after purchasing an additional 68,932 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.57% of Oxford Industries worth $3,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OXM. Hantz Financial Services Inc. grew its position in Oxford Industries by 245.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after purchasing an additional 477 shares during the last quarter. CWM LLC raised its stake in Oxford Industries by 61.5% in the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Oxford Industries by 44.8% in the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 466 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Oxford Industries by 127.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker’s stock worth $73,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Oxford Industries during the third quarter worth about $125,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OXM shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Telsey Advisory Group boosted their target price on shares of Oxford Industries from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. Zacks Research cut Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Friday, December 12th. Truist Financial set a $38.00 target price on shares of Oxford Industries in a research note on Wednesday, January 14th. Finally, UBS Group increased their price target on Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $45.40.

Insider Buying and Selling at Oxford Industries

In other news, CEO Thomas Caldecot Chubb III purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $35.12 per share, with a total value of $175,600.00. Following the purchase, the chief executive officer directly owned 22,709 shares of the company’s stock, valued at $797,540.08. This represents a 28.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.00% of the stock is currently owned by company insiders.

Oxford Industries Stock Down 1.3%

Oxford Industries stock opened at $38.34 on Wednesday. The stock’s fifty day simple moving average is $38.46 and its 200-day simple moving average is $38.91. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $570.51 million, a P/E ratio of -116.18 and a beta of 1.05. Oxford Industries, Inc. has a twelve month low of $30.57 and a twelve month high of $64.39.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, December 10th. The textile maker reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.03. The business had revenue of $307.34 million during the quarter, compared to analysts’ expectations of $304.42 million. Oxford Industries had a negative net margin of 0.20% and a positive return on equity of 9.35%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) EPS. As a group, equities analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.