Invenomic Capital Management LP Buys 56,832 Shares of Oxford Industries, Inc. $OXM

Key Points

• Invenomic Capital Management LP increased its stake in Oxford Industries by 74.9% in Q1, acquiring a total of 132,747 shares, valued at approximately $7.8 million.
• Oxford Industries reported a quarterly earnings per share (EPS) of $1.82, meeting analysts' expectations, despite a 1.3% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.69 per share, resulting in a 6.5% dividend yield for investors.

Invenomic Capital Management LP raised its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 132,747 shares of the textile maker's stock after acquiring an additional 56,832 shares during the quarter. Invenomic Capital Management LP owned approximately 0.89% of Oxford Industries worth $7,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of Oxford Industries by 12.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,275 shares of the textile maker's stock worth $652,000 after buying an additional 925 shares during the period. Northern Trust Corp lifted its position in shares of Oxford Industries by 11.9% during the fourth quarter. Northern Trust Corp now owns 171,433 shares of the textile maker's stock valued at $13,505,000 after purchasing an additional 18,169 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Oxford Industries during the fourth quarter valued at about $996,000. Comerica Bank lifted its position in shares of Oxford Industries by 14.6% during the fourth quarter. Comerica Bank now owns 15,669 shares of the textile maker's stock valued at $1,234,000 after purchasing an additional 1,999 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Oxford Industries by 11.4% during the fourth quarter. Ameriprise Financial Inc. now owns 83,403 shares of the textile maker's stock valued at $6,570,000 after purchasing an additional 8,528 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

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

Oxford Industries Stock Down 1.1%

NYSE OXM traded down $0.46 during trading hours on Friday, reaching $42.14. 493,341 shares of the company's stock traded hands, compared to its average volume of 322,444. Oxford Industries, Inc. has a 52-week low of $36.25 and a 52-week high of $89.86. The firm has a market cap of $629.59 million, a PE ratio of 8.18 and a beta of 1.36. The firm has a 50-day simple moving average of $43.18 and a 200 day simple moving average of $49.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64.

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

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were issued a $0.69 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 annualized dividend and a yield of 6.5%. Oxford Industries's payout ratio is 53.59%.

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.