State Street Corp Sells 199,147 Shares of Oxford Industries, Inc. $OXM

Key Points

• State Street reduced its Oxford Industries stake by 36.3%, selling 199,147 shares in the second quarter and retaining 348,777 shares valued at approximately $12.2 million. Institutional investors collectively own 91.16% of the company.
• Oxford Industries reported quarterly EPS of $1.34, slightly above the $1.31 consensus estimate, while revenue declined 2.2% year over year to $394.38 million. The stock opened at $25.86, near its 12-month low of $25.59.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $35.25. The company declared a quarterly dividend of $0.70, equivalent to an annualized yield of 10.8%.

State Street Corp cut its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 36.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 348,777 shares of the textile maker's stock after selling 199,147 shares during the quarter. State Street Corp owned about 2.33% of Oxford Industries worth $12,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Oxford Industries during the second quarter valued at about $38,000. Meeder Asset Management Inc. purchased a new stake in Oxford Industries during the 2nd quarter worth approximately $81,000. Whittier Trust Co. acquired a new position in Oxford Industries during the 2nd quarter valued at approximately $163,000. Gables Capital Management Inc. acquired a new position in Oxford Industries during the 2nd quarter valued at approximately $181,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Oxford Industries in the first quarter worth $224,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Insider Activity

In other Oxford Industries news, CEO Thomas Chubb, III purchased 2,500 shares of Oxford Industries stock in a transaction that occurred on Thursday, September 24th. The stock was bought at an average price of $26.15 per share, with a total value of $65,375.00. Following the acquisition, the chief executive officer owned 36,200 shares of the company's stock, valued at $946,630. This trade represents a 7.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP K. Grassmyer purchased 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of $29.73 per share, for a total transaction of $29,730.00. Following the transaction, the executive vice president directly owned 38,636 shares of the company's stock, valued at $1,148,648.28. This represents a 2.66% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 7,000 shares of company stock worth $203,360. Corporate insiders own 6.50% of the company's stock.

Wall Street Analysts Forecast Growth

OXM has been the subject of several research reports. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Thursday, June 11th. Citigroup cut their target price on Oxford Industries from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. UBS Group restated a "neutral" rating on shares of Oxford Industries in a research note on Wednesday, August 26th. Wall Street Zen raised Oxford Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th. Finally, Telsey Advisory Group dropped their price target on Oxford Industries from $44.00 to $35.00 and set a "market perform" rating on the stock in a research note on Friday, September 4th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $35.25.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $25.86 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.56. The stock has a market capitalization of $387.44 million, a price-to-earnings ratio of -50.71 and a beta of 1.06. The firm's 50 day simple moving average is $35.07 and its 200-day simple moving average is $38.10. Oxford Industries, Inc. has a 12 month low of $25.59 and a 12 month high of $49.58.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Thursday, September 3rd. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. Oxford Industries had a negative net margin of 0.46% and a positive return on equity of 4.88%. The firm had revenue of $394.38 million during the quarter, compared to analysts' expectations of $394.55 million. During the same period in the previous year, the business posted $1.26 EPS. The business's revenue was down 2.2% compared to the same quarter last year. Oxford Industries has set its Q3 2026 guidance at -1.400--1.200 EPS and its FY 2026 guidance at 1.600-2.000 EPS. Analysts expect that Oxford Industries, Inc. will post 1.77 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.70 dividend. The ex-dividend date is Friday, October 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.8%. Oxford Industries's dividend payout ratio is -549.02%.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel and lifestyle company headquartered in Atlanta, Georgia. Founded in 1942 as a manufacturer of dress shirts, the company has expanded into a portfolio of premium lifestyle brands serving customers through retail stores, e-commerce platforms, wholesale distribution and other channels.

Its principal brands include Tommy Bahama, a resort-inspired lifestyle brand offering apparel, accessories, home furnishings, restaurants and hospitality experiences; Lilly Pulitzer, known for colorful women's, men's and children's apparel, accessories and home products; and Johnny Was, which specializes in distinctive women's apparel and accessories.

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