Copper Rock Capital Partners Lowers stake in Oxford Industries Inc (OXM)

Oxford Industries Inc (OXM) : Copper Rock Capital Partners reduced its stake in Oxford Industries Inc by 0.5% during the most recent quarter end. The investment management company now holds a total of 319,575 shares of Oxford Industries Inc which is valued at $18.7 Million after selling 1,619 shares in Oxford Industries Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Oxford Industries Inc makes up approximately 1.65% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Oxford Industries Inc reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $1.05. The company had revenue of $259.60 million for the quarter, compared to analysts expectations of $266.28 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Oxford Industries Inc. Telsey Advisory Group Initiated Oxford Industries Inc on Apr 11, 2016 to “Outperform”, Price Target of the shares are set at $75.

Oxford Industries Inc closed down -1.13 points or -1.89% at $58.67 with 3,90,616 shares getting traded on Monday. Post opening the session at $60.1, the shares hit an intraday low of $58.28 and an intraday high of $61.2099 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Oxford Industries Inc. is a global apparel company. The Company designs sources markets and distributes products bearing the trademarks of its owned lifestyle brands as well as certain licensed and private label apparel products. The Company’s portfolio of brands includes Tommy Bahama Lilly Pulitzer and Ben Sherman. It distributes its own lifestyle branded products through its direct to consumer channel consisting of its retail stores and e-commerce sites and its wholesale distribution channel which includes better department stores and specialty stores. In addition to operating e-commerce Websites for each of its lifestyle brands as of January 31 2015 the Company operated 157 Tommy Bahama 28 Lilly Pulitzer and 21 Ben Sherman retail locations including outlet locations for Tommy Bahama and Ben Sherman. The Company’s business is primarily operated through its operating groups: Tommy Bahama Lilly Pulitzer Lanier Clothes and Ben Sherman.

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