Comerica Bank Lowers Stock Position in Oxford Industries, Inc. $OXM

Key Points

• Comerica Bank has decreased its stake in Oxford Industries, Inc. by 38.0%, now holding approximately 0.07% of the company, valued at $569,000.
• Insider transactions include CEO Thomas Caldecot Chubb III purchasing 6,500 shares and CEO Robert S. Trauber acquiring 10,000 shares, indicating managerial confidence in the company.
• The company's latest quarterly earnings reported an EPS of $1.82, matching analysts' expectations, and a revenue of $392.86 million, slightly exceeding projections.

Comerica Bank trimmed its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 38.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,707 shares of the textile maker's stock after selling 5,962 shares during the quarter. Comerica Bank owned 0.07% of Oxford Industries worth $569,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP bought a new stake in Oxford Industries during the 4th quarter worth approximately $213,000. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 185 shares during the last quarter. AlphaQuest LLC boosted its stake 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 purchasing an additional 657 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Oxford Industries in the 1st quarter valued at $261,000. Finally, ProShare Advisors LLC boosted its stake in shares of Oxford Industries by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock valued at $352,000 after purchasing an additional 1,376 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oxford Industries news, CEO Robert S. Trauber acquired 10,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were purchased at an average cost of $41.38 per share, with a total value of $413,800.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was acquired at an average cost 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 represents a 12.37% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 16,818 shares of company stock worth $686,724 over the last ninety days. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. UBS Group reduced their price objective on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. 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. Truist Financial upped their price objective on shares of Oxford Industries from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Zacks Research raised shares of Oxford Industries to a "hold" rating in a research note on Monday, August 11th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $54.40.

Oxford Industries Stock Down 8.4%

NYSE OXM traded down $4.35 on Friday, hitting $47.23. 932,156 shares of the company were exchanged, compared to its average volume of 485,842. The company has a market cap of $705.62 million, a PE ratio of 12.76 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 stock has a fifty day moving average of $43.33 and a 200-day moving average of $49.30. The company has a current ratio of 1.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14.

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

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, October 17th. Oxford Industries's dividend payout ratio (DPR) is 74.59%.

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.