Raymond James Financial Inc. Grows Holdings in Oxford Industries, Inc. $OXM

Key Points

• Raymond James Financial Inc. increased its stake in Oxford Industries by 68.9%, acquiring an additional 35,343 shares during the 1st quarter, bringing their total ownership to 86,626 shares valued at approximately $5.08 million.
• Multiple analysts have lowered their target prices for Oxford Industries, with Truist Financial and Citigroup reducing their targets to $47.00 and $44.00, respectively, while the company currently holds an average rating of "Reduce."
• Oxford Industries recently declared a quarterly dividend of $0.69 per share, which results in an annualized dividend yield of 6.5%, and the company has set its fiscal year 2025 EPS guidance between 2.800-3.200.

Raymond James Financial Inc. grew its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 68.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,626 shares of the textile maker's stock after buying an additional 35,343 shares during the quarter. Raymond James Financial Inc. owned 0.58% of Oxford Industries worth $5,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OXM. Global Alpha Capital Management Ltd. grew its holdings in shares of Oxford Industries by 37.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 288,300 shares of the textile maker's stock valued at $16,915,000 after buying an additional 79,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Oxford Industries by 9.1% during 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 buying an additional 56,235 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in Oxford Industries by 207.4% during the fourth 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 during the last quarter. American Century Companies Inc. boosted its holdings in Oxford Industries by 10.2% during the first quarter. American Century Companies Inc. now owns 528,543 shares of the textile maker's stock worth $31,010,000 after purchasing an additional 49,009 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Oxford Industries during the first quarter worth about $2,426,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Price Performance

NYSE:OXM traded down $0.08 during mid-day trading on Tuesday, hitting $40.54. 285,700 shares of the stock traded hands, compared to its average volume of 430,661. The business's 50-day moving average price is $43.19 and its 200 day moving average price is $49.71. The company has a market cap of $605.59 million, a PE ratio of 7.87 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 company has a quick ratio of 0.64, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last issued 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 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 for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 annualized dividend and a yield of 6.8%. Oxford Industries's payout ratio is currently 53.59%.

Insider Activity at Oxford Industries

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Oxford Industries to a "hold" rating in a report on Monday, August 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research report on Friday. Citigroup lowered 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 report on Thursday, June 12th. UBS Group lowered 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 report on Wednesday, August 27th. Finally, Truist Financial lowered their price objective on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $53.80.

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.