Oxford Industries, Inc. (NYSE:OXM) was in 6 hedge funds’ portfolio at the end of March. OXM has experienced a decrease in activity from the world’s largest hedge funds recently. There were 6 hedge funds in our database with OXM holdings at the end of the previous quarter.
At the moment, there are plenty of indicators market participants can use to track Mr. Market. Some of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outclass their index-focused peers by a superb margin (see just how much).
Equally as key, optimistic insider trading sentiment is another way to parse down the investments you’re interested in. Just as you’d expect, there are a number of reasons for an insider to sell shares of his or her company, but only one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the market-beating potential of this method if piggybackers understand where to look (learn more here).
With these “truths” under our belt, we’re going to take a look at the recent action regarding Oxford Industries, Inc. (NYSE:OXM).
How are hedge funds trading Oxford Industries, Inc. (NYSE:OXM)?
Heading into Q2, a total of 6 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their holdings significantly.
According to our comprehensive database, Daruma Asset Management, managed by Mariko Gordon, holds the most valuable position in Oxford Industries, Inc. (NYSE:OXM). Daruma Asset Management has a $3.9 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Driehaus Capital, managed by Richard Driehaus, which held a $1.5 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers with similar optimism include Ken Griffin’s Citadel Investment Group, Ken Griffin’s Citadel Investment Group and Cliff Asness’s AQR Capital Management.
Since Oxford Industries, Inc. (NYSE:OXM) has experienced bearish sentiment from hedge fund managers, we can see that there lies a certain “tier” of money managers that slashed their full holdings in Q1. Intriguingly, Mike Vranos’s Ellington cut the biggest stake of all the hedgies we key on, totaling about $0.5 million in stock. These transactions are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
How are insiders trading Oxford Industries, Inc. (NYSE:OXM)?
Insider trading activity, especially when it’s bullish, is most useful when the primary stock in question has seen transactions within the past half-year. Over the last six-month time period, Oxford Industries, Inc. (NYSE:OXM) has seen 2 unique insiders buying, and 2 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 are the members of the textile – apparel clothing industry and their market caps are similar to OXM’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Maidenform Brands, Inc. (NYSE:MFB) | 7 | 0 | 2 |
| UniFirst Corp (NYSE:UNF) | 14 | 0 | 4 |
| True Religion Apparel, Inc. (NASDAQ:TRLG) | 17 | 0 | 0 |
| Quiksilver, Inc. (NYSE:ZQK) | 12 | 0 | 1 |
| G-III Apparel Group, Ltd. (NASDAQ:GIII) | 17 | 2 | 7 |
With the results demonstrated by our strategies, everyday investors must always pay attention to hedge fund and insider trading activity, and Oxford Industries, Inc. (NYSE:OXM) is an important part of this process.
