Wellington Management Group LLP Cuts Stock Position in Oxford Industries, Inc. $OXM

Key Points

• Wellington Management Group LLP reduced its stake in Oxford Industries, Inc. by 14.6%, now holding 495,886 shares valued at approximately $29 million, according to its latest SEC filing.
• Multiple institutional investors, including PNC Financial Services Group and US Bancorp DE, have increased their holdings in Oxford Industries, reflecting a broad interest with institutional ownership reaching 91.16%.
• Analysts have varied price targets for Oxford Industries, with the average target set at $55.80, and a mix of ratings including "Hold" from five firms and "Sell" from one.

Wellington Management Group LLP cut its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 495,886 shares of the textile maker's stock after selling 84,694 shares during the period. Wellington Management Group LLP owned about 3.34% of Oxford Industries worth $29,094,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 185 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Oxford Industries by 3.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock valued at $471,000 after buying an additional 267 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Oxford Industries by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock valued at $664,000 after buying an additional 280 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Oxford Industries by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,028 shares of the textile maker's stock valued at $711,000 after buying an additional 512 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Oxford Industries by 9.0% in the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker's stock valued at $650,000 after buying an additional 683 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Stock Performance

OXM traded down $0.76 during trading on Friday, reaching $44.07. 120,497 shares of the company's stock were exchanged, compared to its average volume of 428,524. Oxford Industries, Inc. has a 1 year low of $36.25 and a 1 year high of $89.86. 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 $658.35 million, a P/E ratio of 8.55 and a beta of 1.38. The company's fifty day simple moving average is $42.69 and its 200-day simple moving average is $51.49.

Oxford Industries (NYSE:OXM - Get Free Report) last posted 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 net margin of 5.35% and a return on equity of 14.97%. The company had revenue of $392.86 million during the quarter, compared to analyst estimates of $383.54 million. During the same period last year, the firm posted $2.66 EPS. Oxford Industries's revenue for the quarter 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. As a group, research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, July 18th. Oxford Industries's payout ratio is 53.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OXM. Zacks Research upgraded shares of Oxford Industries to a "hold" rating in a report on Monday, August 11th. Truist Financial decreased their price objective on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, June 12th. 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 Thursday, June 12th. Citigroup decreased 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. Finally, UBS Group decreased their price objective on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $53.80.

Insider Activity at Oxford Industries

In other news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of $40.12 per share, with a total value of $260,780.00. Following the acquisition, the chief executive officer directly owned 59,063 shares in the company, valued at $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 SEC, which is accessible through this hyperlink. Also, CEO Robert S. Trauber bought 10,000 shares of the business's stock in a transaction dated 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 acquisition, 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. Over the last ninety days, insiders have bought 16,818 shares of company stock valued at $686,724. Insiders own 6.00% of the company's stock.

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.