Bank of New York Mellon Corp Invests $2.05 Million in Oxford Industries, Inc. $OXM

Key Points

• Bank of New York Mellon acquired 58,725 Oxford Industries shares worth approximately $2.05 million, giving it a 0.39% stake. Institutional investors and hedge funds collectively own 91.16% of the company.
• Oxford Industries reported quarterly EPS of $1.34, slightly exceeding estimates, while revenue of $394.38 million declined 2.2% year over year. The company declared a $0.70 quarterly dividend, representing an annualized yield of about 8.9%.
• Analyst sentiment remains cautious, with seven Hold ratings and one Sell rating; the stock has a consensus “Reduce” rating and an average price target of $35.25.

Bank of New York Mellon Corp bought a new position in Oxford Industries, Inc. (NYSE:OXM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 58,725 shares of the textile maker's stock, valued at approximately $2,048,000. Bank of New York Mellon Corp owned approximately 0.39% of Oxford Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Heartland Advisors Inc. grew its holdings in shares of Oxford Industries by 40.7% in the 1st quarter. Heartland Advisors Inc. now owns 211,093 shares of the textile maker's stock worth $8,129,000 after acquiring an additional 61,093 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Oxford Industries by 21.8% during the first quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker's stock valued at $15,677,000 after purchasing an additional 72,999 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of Oxford Industries in the first quarter worth about $4,754,000. Deprince Race & Zollo Inc. purchased a new stake in Oxford Industries in the 1st quarter worth about $4,658,000. Finally, Versor Investments LP purchased a new position in shares of Oxford Industries during the 4th quarter valued at $492,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Up 2.5%

Oxford Industries stock opened at $31.63 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.56. Oxford Industries, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $51.61. The firm has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $39.06. The firm has a market cap of $472.19 million, a price-to-earnings ratio of -62.01 and a beta of 1.06.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The textile maker reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. Oxford Industries had a positive return on equity of 4.88% and a negative net margin of 0.46%.The business had revenue of $394.38 million for the quarter, compared to analyst estimates of $394.55 million. During the same period in the previous year, the company posted $1.26 earnings per share. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. 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 forecast that Oxford Industries, Inc. will post 1.8 earnings per share for the current year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Friday, October 16th. Oxford Industries's dividend payout ratio is currently -549.02%.

Analysts Set New Price Targets

Several analysts have commented on OXM shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Oxford Industries in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Oxford Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th. Zacks Research upgraded Oxford Industries from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 26th. BTIG Research reaffirmed a "neutral" rating on shares of Oxford Industries in a research report on Friday. Finally, Truist Financial lowered their price objective on Oxford Industries from $40.00 to $33.00 and set a "hold" rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Oxford Industries currently has a consensus rating of "Reduce" and an average price target of $35.25.

Insider Activity

In related news, CEO Thomas Chubb, III bought 2,500 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of $36.90 per share, with a total value 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. The trade was a 9.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.50% of the company's stock.

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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