Invesco Ltd. Cuts Stock Position in Oxford Industries, Inc. $OXM

Key Points

• Invesco Ltd. significantly decreased its stake in Oxford Industries by 81.2%, now holding approximately $4.5 million worth of shares.
• Inside purchases from CEO Thomas Caldecot Chubb III and CEO Robert S. Trauber indicate confidence, with Chubb increasing his holdings by 12.37% and Trauber by 297.27%.
• Analysts have varied ratings on Oxford Industries, with a consensus rating of "Reduce" and a declining price target, reflecting cautious sentiment on the stock's performance.

Invesco Ltd. reduced its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 81.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,829 shares of the textile maker's stock after selling 332,824 shares during the quarter. Invesco Ltd. owned about 0.52% of Oxford Industries worth $4,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Oxford Industries by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after purchasing an additional 103,253 shares during the period. Global Alpha Capital Management Ltd. raised its stake in shares of Oxford Industries by 37.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 288,300 shares of the textile maker's stock worth $16,915,000 after purchasing an additional 79,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oxford Industries by 9.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock worth $39,596,000 after purchasing an additional 56,235 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of Oxford Industries by 207.4% during the 4th quarter. Invenomic Capital Management LP now owns 75,915 shares of the textile maker's stock worth $5,981,000 after purchasing an additional 51,221 shares in the last quarter. Finally, Man Group plc bought a new stake in Oxford Industries in the 4th quarter valued at $3,119,000. 91.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Oxford Industries

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

Analyst Ratings Changes

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

Oxford Industries Trading Down 1.7%

OXM stock traded down $0.74 during mid-day trading on Monday, reaching $44.09. The company's stock had a trading volume of 262,881 shares, compared to its average volume of 312,252. The company has a market cap of $658.70 million, a price-to-earnings ratio of 8.56 and a beta of 1.36. Oxford Industries, Inc. has a 12 month low of $36.25 and a 12 month high of $89.86. The business's 50 day moving average price is $42.75 and its 200 day moving average price is $50.97. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last released 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. The firm had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The company's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.66 earnings per share. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q2 2025 guidance at 1.050-1.250 EPS. On average, equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a dividend of $0.69 per share. The ex-dividend date was Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.3%. Oxford Industries's payout ratio is currently 53.59%.

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.