Dark Forest Capital Management LP Invests $3.48 Million in Oxford Industries, Inc. $OXM

Key Points

• Dark Forest Capital Management LP acquired 59,321 shares of Oxford Industries, Inc., worth approximately $3.48 million, increasing its ownership to about 0.40% of the company.
• Oxford Industries reported earnings of $1.82 per share, matching analyst expectations, with a revenue of $392.86 million during the last quarter.
• The company announced a quarterly dividend of $0.69 per share, yielding 6.5%, with a dividend payout ratio of 53.59%.

Dark Forest Capital Management LP acquired a new stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,321 shares of the textile maker's stock, valued at approximately $3,480,000. Dark Forest Capital Management LP owned about 0.40% of Oxford Industries at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OXM. PNC Financial Services Group Inc. grew its position in shares of Oxford Industries by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock valued at $195,000 after buying an additional 185 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Oxford Industries by 3.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock valued at $471,000 after buying an additional 267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oxford Industries by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock valued at $664,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC grew its position in shares of Oxford Industries by 22.3% in the 1st quarter. AlphaQuest LLC now owns 3,604 shares of the textile maker's stock valued at $211,000 after buying an additional 657 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in Oxford Industries by 9.0% during the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker's stock worth $650,000 after purchasing an additional 683 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Price Performance

Shares of NYSE OXM traded down $0.46 during midday trading on Friday, hitting $42.14. The company had a trading volume of 493,341 shares, compared to its average volume of 309,749. The company has a quick ratio of 0.64, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. Oxford Industries, Inc. has a twelve month low of $36.25 and a twelve month high of $89.86. The business has a 50-day simple moving average of $43.18 and a two-hundred day simple moving average of $50.08. The firm has a market capitalization of $629.59 million, a price-to-earnings ratio of 8.18 and a beta of 1.36.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The firm had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same quarter last year, the business earned $2.66 earnings per share. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q2 2025 guidance at 1.050-1.250 EPS. Equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a $0.69 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.5%. Oxford Industries's dividend payout ratio (DPR) is 53.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OXM shares. Citigroup decreased their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, June 12th. Zacks Research upgraded shares of Oxford Industries to a "hold" rating in a research note on Monday, August 11th. UBS Group decreased their price target on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday, August 27th. Truist Financial decreased their price target on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday, June 12th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research note on Friday. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $53.80.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of Oxford Industries stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the purchase, the chief executive officer directly owned 59,063 shares of the company's stock, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert S. Trauber acquired 10,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, June 18th. The stock was bought at an average price of $41.38 per share, with a total value of $413,800.00. Following the purchase, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This trade represents a 297.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 16,818 shares of company stock valued at $686,724 in the last quarter. Company insiders own 6.00% of the company's stock.

About Oxford Industries

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.