Goldman Sachs Group Inc. Sells 76,746 Shares of Oxford Industries, Inc. $OXM

Key Points

• Goldman Sachs Group Inc. reduced its stake in Oxford Industries by 37.8%, owning approximately 126,311 shares worth about $7.41 million as of the end of the 1st quarter.
• Institutional investors hold approximately 91.16% of Oxford Industries' stock, with notable increases in stakes by several firms, including a 311.9% increase from Millennium Management LLC in the 1st quarter.
• Analysts have mixed ratings on Oxford Industries, with a consensus price target of $54.40 and five investment analysts giving a Hold rating alongside one Sell rating.

Goldman Sachs Group Inc. decreased its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 37.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,311 shares of the textile maker's stock after selling 76,746 shares during the quarter. Goldman Sachs Group Inc. owned 0.85% of Oxford Industries worth $7,411,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Inspire Investing LLC raised its stake in shares of Oxford Industries by 16.1% in the 1st quarter. Inspire Investing LLC now owns 5,907 shares of the textile maker's stock valued at $347,000 after buying an additional 818 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Oxford Industries by 22.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker's stock worth $1,755,000 after purchasing an additional 5,577 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Oxford Industries during the 1st quarter worth about $226,000. Millennium Management LLC increased its position in shares of Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker's stock worth $17,213,000 after purchasing an additional 222,150 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oxford Industries by 4.6% during 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. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Stock Down 2.7%

OXM traded down $1.22 during trading on Friday, reaching $44.34. 83,755 shares of the stock were exchanged, compared to its average volume of 448,726. The stock has a market cap of $659.34 million, a P/E ratio of 11.98 and a beta of 1.36. Oxford Industries, Inc. has a twelve month low of $36.25 and a twelve month high of $89.86. The stock's 50 day moving average price is $43.31 and its two-hundred day moving average price is $48.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.51 and a current ratio of 1.18.

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

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, October 17th. Oxford Industries's payout ratio is presently 74.59%.

Analyst Ratings Changes

A number of brokerages have commented on OXM. Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a report on Thursday, September 11th. Citigroup decreased their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a report on Thursday, June 12th. Truist Financial raised their target price on shares of Oxford Industries from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, September 11th. Zacks Research lowered shares of Oxford Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, September 12th. Finally, UBS Group cut their price target on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oxford Industries has a consensus rating of "Reduce" and a consensus target price of $54.40.

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.