Oxford Industries, Inc. (OXM): Are Hedge Funds Right About This Stock?

Oxford Industries, Inc. (NYSE:OXM) was in 5 hedge funds’ portfolio at the end of December. OXM investors should be aware of a decrease in support from the world’s most elite money managers in recent months. There were 7 hedge funds in our database with OXM holdings at the end of the previous quarter.

In the financial world, there are many indicators shareholders can use to track their holdings. A pair of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outperform the market by a very impressive amount (see just how much).

Oxford Industries, Inc. (NYSE:OXM)

Equally as beneficial, optimistic insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are a number of motivations for a corporate insider to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the impressive potential of this tactic if investors know what to do (learn more here).

With all of this in mind, we’re going to take a look at the key action encompassing Oxford Industries, Inc. (NYSE:OXM).

How are hedge funds trading Oxford Industries, Inc. (NYSE:OXM)?

In preparation for this year, a total of 5 of the hedge funds we track were bullish in this stock, a change of -29% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their stakes meaningfully.

Of the funds we track, Richard Driehaus’s Driehaus Capital had the most valuable position in Oxford Industries, Inc. (NYSE:OXM), worth close to $6 million, comprising 0.2% of its total 13F portfolio. On Driehaus Capital’s heels is Cliff Asness of AQR Capital Management, with a $1.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Mike Vranos’s Ellington, and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Oxford Industries, Inc. (NYSE:OXM) has witnessed a declination in interest from hedge fund managers, it’s easy to see that there lies a certain “tier” of money managers who sold off their positions entirely last quarter. Interestingly, Jim Simons’s Renaissance Technologies dumped the largest stake of all the hedgies we track, valued at about $2.1 million in stock., and Phil Frohlich of Prescott Group Capital Management was right behind this move, as the fund dumped about $0.8 million worth. These moves are intriguing to say the least, as total hedge fund interest dropped by 2 funds last quarter.

How are insiders trading Oxford Industries, Inc. (NYSE:OXM)?

Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last six-month time frame, Oxford Industries, Inc. (NYSE:OXM) has experienced 2 unique insiders buying, and 3 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Oxford Industries, Inc. (NYSE:OXM). These stocks are Maidenform Brands, Inc. (NYSE:MFB), UniFirst Corp (NYSE:UNF), True Religion Apparel, Inc. (NASDAQ:TRLG), Quiksilver, Inc. (NYSE:ZQK), and G-III Apparel Group, Ltd. (NASDAQ:GIII). This group of stocks belong to the textile – apparel clothing industry and their market caps are similar to OXM’s market cap.