Nuveen LLC Buys Shares of 41,356 Oxford Industries, Inc. $OXM

Key Points

• Nuveen LLC acquired a new stake in Oxford Industries, Inc., buying 41,356 shares valued at approximately $2.43 million, representing 0.28% ownership of the company.
• CEO Thomas Caldecot Chubb III and another CEO, Robert S. Trauber, made significant stock purchases, increasing their ownership in the company by 12.37% and 297.27%, respectively.
• Oxford Industries has experienced recent stock downgrades from various analysts, with a consensus price target of $53.80 and an average rating of "Reduce".

Nuveen LLC purchased a new position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,356 shares of the textile maker's stock, valued at approximately $2,426,000. Nuveen LLC owned 0.28% of Oxford Industries at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Oxford Industries by 9.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock valued at $39,596,000 after purchasing an additional 56,235 shares in the last quarter. Wellington Management Group LLP boosted its stake in Oxford Industries by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock worth $45,738,000 after purchasing an additional 27,198 shares during the period. Global Alpha Capital Management Ltd. grew its position in 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 during the last quarter. Northern Trust Corp increased its stake in Oxford Industries by 11.9% in 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 during the period. Finally, Envestnet Asset Management Inc. increased its stake in Oxford Industries by 12.3% in the first quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker's stock valued at $5,651,000 after purchasing an additional 10,547 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Activity at Oxford Industries

In other Oxford Industries news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the stock in a transaction 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 in the company, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Trauber purchased 10,000 shares of the firm's stock in a transaction dated 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 directly owned 13,364 shares in the company, valued at approximately $553,002.32. This trade represents a 297.27% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 16,818 shares of company stock worth $686,724 in the last 90 days. 6.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Oxford Industries Price Performance

NYSE:OXM traded up $0.06 during trading hours on Wednesday, reaching $42.67. 156,595 shares of the company traded hands, compared to its average volume of 427,203. Oxford Industries, Inc. has a 1-year low of $36.25 and a 1-year high of $89.86. The stock has a market cap of $637.42 million, a P/E ratio of 8.28 and a beta of 1.36. The firm's 50-day moving average is $42.93 and its 200-day moving average is $50.70. 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 announced its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The firm had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. During the same period in the prior year, the firm earned $2.66 EPS. The firm's quarterly revenue 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 expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, July 18th. 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.