Bank of America Corp DE Grows Position in Oxford Industries, Inc. $OXM

Key Points

• Bank of America increased its Oxford Industries stake by 21.8% in the first quarter, bringing its holdings to 407,094 shares valued at approximately $15.7 million. Institutional investors collectively own 91.16% of the company.
• Oxford Industries’ CEO purchased 2,500 shares for about $92,250, increasing his position by 9.03%. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $40.
• The company reported quarterly EPS of $1.39, exceeding estimates of $1.27, while revenue of $391.4 million was slightly below expectations and declined year over year. Shares opened at $34.38, and the company maintains an annualized dividend of $2.80, yielding about 8.1%.

Bank of America Corp DE raised its position in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,094 shares of the textile maker's stock after purchasing an additional 72,999 shares during the quarter. Bank of America Corp DE owned 2.73% of Oxford Industries worth $15,677,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OXM. Quarry LP purchased a new position in Oxford Industries during the 3rd quarter valued at $38,000. BNP Paribas Financial Markets increased its holdings in Oxford Industries by 44.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker's stock worth $61,000 after purchasing an additional 466 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Oxford Industries by 127.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker's stock valued at $73,000 after buying an additional 1,014 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Oxford Industries by 700.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the textile maker's stock valued at $161,000 after purchasing an additional 3,500 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in Oxford Industries during the third quarter worth $216,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insiders Place Their Bets

In other Oxford Industries news, CEO Thomas Caldecot Chubb III purchased 2,500 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price of $36.90 per share, for a total transaction of $92,250.00. Following the completion of the transaction, the chief executive officer owned 30,200 shares of the company's stock, valued at $1,114,380. This trade represents a 9.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OXM. Telsey Advisory Group reduced their price target on Oxford Industries from $51.00 to $44.00 and set a "market perform" rating on the stock in a research report on Thursday, June 11th. Citigroup upped their price target on shares of Oxford Industries from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, June 16th. BTIG Research reiterated a "neutral" rating on shares of Oxford Industries in a research note on Thursday, June 11th. Wall Street Zen raised Oxford Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th. Finally, KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oxford Industries presently has a consensus rating of "Reduce" and an average price target of $40.00.

Oxford Industries Trading Down 3.1%

Shares of NYSE:OXM opened at $34.38 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. Oxford Industries, Inc. has a 12-month low of $30.57 and a 12-month high of $51.61. The business has a 50 day moving average of $37.20 and a two-hundred day moving average of $39.31. The company has a market capitalization of $513.29 million, a PE ratio of -13.02 and a beta of 1.06.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Wednesday, June 10th. The textile maker reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.12. The firm had revenue of $391.40 million during the quarter, compared to analysts' expectations of $391.76 million. Oxford Industries had a negative net margin of 2.65% and a positive return on equity of 4.55%. The business's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. Oxford Industries has set its FY 2026 guidance at 2.300-2.700 EPS and its Q2 2026 guidance at 1.200-1.400 EPS. As a group, analysts forecast that Oxford Industries, Inc. will post 2.5 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $2.80 dividend on an annualized basis and a yield of 8.1%. Oxford Industries's dividend payout ratio is presently -106.06%.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men's and women's lifestyle apparel and accessories. The company's product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women's sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.

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