Oxford Industries, Inc. $OXM Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in Oxford Industries by 2.4%, selling 41,499 shares and retaining approximately 11.60% of the company, valued at $101.14 million.
• Oxford Industries reported earnings of $1.82 EPS for the last quarter, matching analysts' expectations, but its quarterly revenue was down 1.3% year-over-year.
• The company announced a quarterly dividend of $0.69 per share, resulting in a 5.9% dividend yield and a payout ratio of 53.59%.

Vanguard Group Inc. lessened its holdings in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,723,892 shares of the textile maker's stock after selling 41,499 shares during the period. Vanguard Group Inc. owned 11.60% of Oxford Industries worth $101,141,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OXM. Dimensional Fund Advisors LP raised 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 worth $66,958,000 after purchasing an additional 103,253 shares during the last quarter. RBO & Co. LLC raised its position in shares of Oxford Industries by 45.7% in the 4th quarter. RBO & Co. LLC now owns 168,045 shares of the textile maker's stock worth $13,239,000 after purchasing an additional 52,724 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Oxford Industries in the 4th quarter worth about $4,041,000. Invenomic Capital Management LP raised its position in Oxford Industries by 207.4% in the 4th quarter. Invenomic Capital Management LP now owns 75,915 shares of the textile maker's stock worth $5,981,000 after buying an additional 51,221 shares during the last quarter. Finally, Barclays PLC raised its position in Oxford Industries by 84.0% in the 4th quarter. Barclays PLC now owns 89,234 shares of the textile maker's stock worth $7,029,000 after buying an additional 40,750 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Price Performance

Shares of NYSE OXM traded down $0.20 during midday trading on Thursday, reaching $44.81. 272,045 shares of the stock traded hands, compared to its average volume of 323,249. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. The stock has a market capitalization of $669.43 million, a PE ratio of 8.70 and a beta of 1.38. Oxford Industries, Inc. has a one year low of $36.25 and a one year high of $89.86. The company's 50 day moving average is $42.69 and its 200 day moving average is $51.49.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The company had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. During the same period last year, the company earned $2.66 earnings per share. Oxford Industries's revenue was down 1.3% on a year-over-year basis. 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 anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current 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 dividend yield of 6.2%. The ex-dividend date was Friday, July 18th. Oxford Industries's payout ratio is presently 53.59%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $40.12 per share, with a total value of $260,780.00. Following the completion of the acquisition, the chief executive officer directly owned 59,063 shares of the company's stock, valued at $2,369,607.56. This trade represents a 12.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert S. Trauber bought 10,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This trade represents a 297.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 16,818 shares of company stock worth $686,724 in the last quarter. 6.00% of the stock is owned by insiders.

About Oxford Industries

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.