Is Oxford Industries (OXM) an Attractive Investment Choice?
ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Value Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy outperformed the benchmark Russell 2000 Value Index in the third quarter. The strategy generated gains across three of the 11 sectors in which it was invested during the quarter, on an absolute basis. Sector allocation effects positively contributed to the performance on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.
ClearBridge Small Cap Value Strategy highlighted stocks like Oxford Industries, Inc. (NYSE:OXM) in the third quarter 2023 investor letter. Headquartered in Atlanta, Georgia, Oxford Industries, Inc. (NYSE:OXM) is an apparel company. On December 18, 2023, Oxford Industries, Inc. (NYSE:OXM) stock closed at $100.44 per share. One-month return of Oxford Industries, Inc. (NYSE:OXM) was 7.56%, and its shares gained 7.31% of their value over the last 52 weeks. Oxford Industries, Inc. (NYSE:OXM) has a market capitalization of $1.569 billion.
ClearBridge Small Cap Value Strategy made the following comment about Oxford Industries, Inc. (NYSE:OXM) in its Q3 2023 investor letter:
We also added Oxford Industries, Inc. (NYSE:OXM), in the consumer discretionary sector, which is an apparel company operating lifestyle brands including Tommy Bahama and Lilly Pulitzer. The company’s management team has been able to consistently improve Oxford’s operating margins and sales growth over the past few years, and we believe its current stock price represents an attractive value opportunity at relatively low risk for a strong portfolio of brands within the apparel industry.
A fashionable retail store showcasing the company's apparel products.
Oxford Industries, Inc. (NYSE:OXM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held Oxford Industries, Inc. (NYSE:OXM) at the end of third quarter which was 12 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
