Bank of America Corp DE Makes New $14.62 Million Investment in Oxford Industries, Inc. $OXM

Key Points

• Bank of America acquired 419,417 Oxford Industries shares in the second quarter, valued at approximately $14.6 million, giving it a 2.81% stake. Institutional investors collectively own 91.16% of the company.
• Analyst sentiment remains cautious: six analysts rate OXM “Hold” and two rate it “Sell,” with an average price target of $35.25. The stock opened at $25.86, near its 12-month low of $25.59.
• Oxford Industries reported quarterly EPS of $1.34, slightly above estimates, while revenue fell 2.2% year over year. The company announced a quarterly dividend of $0.70, implying an annualized yield of approximately 10.8%.

Bank of America Corp DE bought a new stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 419,417 shares of the textile maker's stock, valued at approximately $14,625,000. Bank of America Corp DE owned 2.81% of Oxford Industries as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Heartland Advisors Inc. lifted its holdings in Oxford Industries by 40.7% in the first quarter. Heartland Advisors Inc. now owns 211,093 shares of the textile maker's stock valued at $8,129,000 after buying an additional 61,093 shares during the period. BlackRock Inc. acquired a new stake in Oxford Industries during the 2nd quarter worth $41,098,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Oxford Industries during the 1st quarter valued at $4,754,000. Bank of New York Mellon Corp bought a new stake in shares of Oxford Industries during the 2nd quarter valued at $2,048,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Oxford Industries in the 1st quarter valued at $4,658,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Analyst Upgrades and Downgrades

OXM has been the subject of a number of analyst reports. Zacks Research cut Oxford Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 8th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Thursday, June 11th. Truist Financial reduced their target price on Oxford Industries from $40.00 to $33.00 and set a "hold" rating on the stock in a report on Friday, September 4th. Telsey Advisory Group decreased their target price on Oxford Industries from $44.00 to $35.00 and set a "market perform" rating for the company in a research report on Friday, September 4th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Oxford Industries in a research note on Wednesday, August 26th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $35.25.

Insider Activity

In related news, EVP K. Grassmyer acquired 1,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of $29.73 per share, for a total transaction of $29,730.00. Following the purchase, the executive vice president directly owned 38,636 shares in the company, valued at approximately $1,148,648.28. This trade represents a 2.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Chubb, III acquired 2,500 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were bought at an average price of $26.15 per share, for a total transaction of $65,375.00. Following the purchase, the chief executive officer owned 36,200 shares in the company, valued at approximately $946,630. This represents a 7.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 7,000 shares of company stock worth $203,360 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Oxford Industries Trading Down 0.8%

NYSE:OXM opened at $25.86 on Friday. The company has a market cap of $387.44 million, a P/E ratio of -50.71 and a beta of 1.06. Oxford Industries, Inc. has a twelve month low of $25.59 and a twelve month high of $49.58. The business has a 50 day moving average price of $35.07 and a two-hundred day moving average price of $38.10. The company has a quick ratio of 0.56, a current ratio of 1.17 and a debt-to-equity ratio of 0.13.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.03. Oxford Industries had a negative net margin of 0.46% and a positive return on equity of 4.88%. The company had revenue of $394.38 million for the quarter, compared to the consensus estimate of $394.55 million. During the same period last year, the company earned $1.26 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. Oxford Industries has set its Q3 2026 guidance at -1.400--1.200 EPS and its FY 2026 guidance at 1.600-2.000 EPS. As a group, analysts expect that Oxford Industries, Inc. will post 1.77 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.8%. Oxford Industries's payout ratio is currently -549.02%.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel and lifestyle company headquartered in Atlanta, Georgia. Founded in 1942 as a manufacturer of dress shirts, the company has expanded into a portfolio of premium lifestyle brands serving customers through retail stores, e-commerce platforms, wholesale distribution and other channels.

Its principal brands include Tommy Bahama, a resort-inspired lifestyle brand offering apparel, accessories, home furnishings, restaurants and hospitality experiences; Lilly Pulitzer, known for colorful women's, men's and children's apparel, accessories and home products; and Johnny Was, which specializes in distinctive women's apparel and accessories.

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