Unison Advisors LLC Acquires New Position in Oxford Industries, Inc. $OXM

Unison Advisors LLC bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,370 shares of the textile maker’s stock, valued at approximately $628,000.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after buying an additional 222,150 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Oxford Industries during the second quarter worth $7,195,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Oxford Industries by 63.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 439,276 shares of the textile maker’s stock valued at $17,681,000 after acquiring an additional 170,208 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Oxford Industries by 394.9% in the third quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock valued at $7,773,000 after acquiring an additional 152,995 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Oxford Industries by 569.6% in the third quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock valued at $7,067,000 after purchasing an additional 148,283 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OXM has been the subject of several analyst reports. Telsey Advisory Group lowered their target price on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Truist Financial lowered their price objective on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, March 27th. Finally, KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research note on Thursday, December 11th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Oxford Industries currently has a consensus rating of “Reduce” and an average price target of $34.25.

Oxford Industries Trading Down 0.0%

NYSE OXM opened at $39.29 on Monday. The firm’s fifty day moving average price is $37.68 and its 200 day moving average price is $37.81. Oxford Industries, Inc. has a 12 month low of $30.57 and a 12 month high of $60.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. The company has a market capitalization of $585.04 million, a price-to-earnings ratio of -20.25 and a beta of 1.00.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The company had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same period last year, the firm earned $1.37 earnings per share. Oxford Industries’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect 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 1st. Stockholders of record on Friday, April 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s dividend payout ratio (DPR) is presently -142.27%.

Oxford Industries 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.