William Blair Investment Management LLC Cuts Stake in Oxford Industries, Inc. $OXM

Key Points

• William Blair Investment Management LLC decreased its stake in Oxford Industries by 7.7%, now owning approximately 324,789 shares valued at $13.07 million.
• Oxford Industries recently announced a dividend of $0.69 per share, with a dividend yield of 7.2%, to be paid on October 31st.
• The company reported earnings per share of $1.26 for the last quarter, surpassing analysts' expectations, although revenue declined 4.0% compared to the previous year.

William Blair Investment Management LLC lowered its stake in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,789 shares of the textile maker's stock after selling 27,041 shares during the period. William Blair Investment Management LLC owned about 2.17% of Oxford Industries worth $13,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in 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 worth $39,596,000 after acquiring an additional 56,235 shares during the last quarter. American Century Companies Inc. increased its stake in Oxford Industries by 10.2% during the 1st quarter. American Century Companies Inc. now owns 528,543 shares of the textile maker's stock worth $31,010,000 after buying an additional 49,009 shares during the period. Millennium Management LLC increased its stake in Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker's stock worth $17,213,000 after buying an additional 222,150 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Oxford Industries by 37.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 288,300 shares of the textile maker's stock worth $16,915,000 after buying an additional 79,000 shares during the period. Finally, Northern Trust Corp increased its stake in Oxford Industries by 1.2% during the 1st quarter. Northern Trust Corp now owns 173,411 shares of the textile maker's stock worth $10,174,000 after buying an additional 1,978 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Performance

NYSE:OXM opened at $38.13 on Tuesday. Oxford Industries, Inc. has a twelve month low of $35.59 and a twelve month high of $89.86. The company has a market capitalization of $566.86 million, a P/E ratio of 10.31 and a beta of 1.29. The firm has a 50-day moving average price of $42.55 and a two-hundred day moving average price of $45.64. The company has a current ratio of 1.18, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly 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 company had revenue of $403.10 million for the quarter, compared to analysts' expectations of $406.14 million. During the same period last year, the company earned $2.77 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. 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, research analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.76 annualized dividend and a dividend yield of 7.2%. Oxford Industries's dividend payout ratio (DPR) is currently 74.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research report on Thursday, September 11th. Zacks Research cut shares of Oxford Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, September 12th. Truist Financial increased their price target on shares of Oxford Industries from $47.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, September 11th. UBS Group reduced their target price on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday, August 27th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Oxford Industries in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Oxford Industries currently has a consensus rating of "Reduce" and a consensus target price of $54.40.

Oxford Industries Company 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.

Want to see what other hedge funds are holding OXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Industries, Inc. (NYSE:OXM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.