55,001 Shares in Oxford Industries, Inc. $OXM Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH acquired 55,001 shares of Oxford Industries, Inc. during Q2, valued at approximately $2.2 million, representing 0.37% of the company's stock.
• The company announced a quarterly dividend of $0.69 per share, with a dividend yield of 6.8%, set to be paid on October 31st.
• Wall Street analysts have mixed ratings for the stock, with a consensus target price of $54.40 and varying ratings from hold to strong sell.

Allianz Asset Management GmbH bought a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,001 shares of the textile maker's stock, valued at approximately $2,214,000. Allianz Asset Management GmbH owned 0.37% of Oxford Industries as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Oxford Industries by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock worth $195,000 after acquiring an additional 185 shares during the period. Illinois Municipal Retirement Fund increased its stake in Oxford Industries by 3.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock worth $471,000 after purchasing an additional 267 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker's stock worth $517,000 after purchasing an additional 387 shares in the last quarter. AlphaQuest LLC increased its stake in Oxford Industries by 22.3% in the 1st quarter. AlphaQuest LLC now owns 3,604 shares of the textile maker's stock worth $211,000 after purchasing an additional 657 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Oxford Industries by 5.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,724 shares of the textile maker's stock worth $512,000 after purchasing an additional 700 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OXM has been the topic of a number of analyst reports. Truist Financial lifted their price target on Oxford Industries from $47.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, September 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of Oxford Industries in a research note on Wednesday, October 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $52.00 price target on shares of Oxford Industries in a research note on Thursday, September 11th. Zacks Research cut Oxford Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, September 12th. Finally, UBS Group dropped their price target on Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Oxford Industries has an average rating of "Reduce" and a consensus target price of $54.40.

Oxford Industries Trading Up 0.2%

NYSE:OXM opened at $40.56 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.18 and a quick ratio of 0.51. Oxford Industries, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $89.86. The stock's 50-day moving average is $42.16 and its two-hundred day moving average is $45.42. The stock has a market cap of $603.16 million, a PE ratio of 10.96 and a beta of 1.29.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Wednesday, September 10th. The textile maker reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. Oxford Industries had a return on equity of 10.99% and a net margin of 3.80%.The company had revenue of $403.10 million for the quarter, compared to analysts' expectations of $406.14 million. During the same quarter in the previous year, the business posted $2.77 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS. As a group, equities research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, October 17th. Oxford Industries's payout ratio is currently 74.59%.

Oxford Industries Profile

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.

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