Leeward Investments LLC MA Purchases New Holdings in Oxford Industries, Inc. (NYSE:OXM)

Leeward Investments LLC MA purchased a new stake in Oxford Industries, Inc. (NYSE:OXMGet Rating) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 98,308 shares of the textile maker’s stock, valued at approximately $8,897,000. Leeward Investments LLC MA owned approximately 0.60% of Oxford Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in Oxford Industries in the 4th quarter valued at about $30,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Oxford Industries in the 4th quarter worth approximately $51,000. Point72 Hong Kong Ltd lifted its stake in Oxford Industries by 540.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock worth $57,000 after purchasing an additional 470 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Oxford Industries by 52.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker’s stock worth $68,000 after purchasing an additional 231 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new position in Oxford Industries in the 1st quarter worth approximately $63,000. 87.97% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $99.00 on Friday. The company has a 50 day simple moving average of $91.40 and a 200-day simple moving average of $88.81. The company has a market capitalization of $1.58 billion, a P/E ratio of 10.38 and a beta of 1.52. Oxford Industries, Inc. has a 1 year low of $76.21 and a 1 year high of $110.37.

Oxford Industries (NYSE:OXMGet Rating) last announced its quarterly earnings results on Wednesday, June 8th. The textile maker reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.72. Oxford Industries had a net margin of 13.04% and a return on equity of 32.41%. The business had revenue of $352.58 million during the quarter, compared to the consensus estimate of $329.03 million. During the same quarter last year, the firm earned $1.89 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. As a group, research analysts expect that Oxford Industries, Inc. will post 9.87 EPS for the current year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a $0.55 dividend. The ex-dividend date was Thursday, July 14th. This represents a $2.20 annualized dividend and a yield of 2.22%. Oxford Industries’s dividend payout ratio (DPR) is presently 23.06%.

Analysts Set New Price Targets

OXM has been the topic of a number of research reports. Citigroup raised their target price on shares of Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a research note on Thursday, June 9th. KeyCorp initiated coverage on shares of Oxford Industries in a research note on Wednesday, July 20th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Piper Sandler assumed coverage on shares of Oxford Industries in a research note on Friday, July 22nd. They issued an “overweight” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.60.

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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