Invenomic Capital Management LP Makes New Investment in Oxford Industries, Inc. (NYSE:OXM)

Invenomic Capital Management LP acquired a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,694 shares of the textile maker’s stock, valued at approximately $2,142,000.

A number of other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in Oxford Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the textile maker’s stock valued at $741,000 after purchasing an additional 100 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Oxford Industries by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,253 shares of the textile maker’s stock worth $726,000 after buying an additional 141 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Oxford Industries by 4.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock valued at $336,000 after buying an additional 150 shares during the last quarter. Creative Planning raised its holdings in Oxford Industries by 6.0% in the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock worth $337,000 after acquiring an additional 219 shares during the period. Finally, SG Americas Securities LLC lifted its position in Oxford Industries by 5.8% during the 3rd quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock worth $378,000 after acquiring an additional 240 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares in the company, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by corporate insiders.

Oxford Industries Price Performance

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

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share 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 company had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the previous year, the business posted $3.45 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Oxford Industries, Inc. will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, October 18th. Oxford Industries’s dividend payout ratio is presently 147.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group lowered their price target 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. Citigroup decreased their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Telsey Advisory Group dropped their price target on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research report on Thursday, September 12th.

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.