Key Points
- Executive purchase: Oxford Industries EVP Scott Grassmyer bought 1,000 shares at an average price of $29.73, increasing his holdings by 2.66% to 38,636 shares.
- Weak stock performance and mixed results: OXM was trading near $29.66, down 3.7%, after reporting quarterly EPS of $1.34 that slightly exceeded estimates, while revenue fell 2.2% year over year.
- Investor outlook remains cautious: Analysts’ consensus rating is “Reduce,” with a $35.25 target price. The company also declared a $0.70 quarterly dividend, equivalent to a 9.4% annualized yield.
Oxford Industries, Inc. (NYSE:OXM - Get Free Report) EVP K. Grassmyer bought 1,000 shares of Oxford Industries stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $29.73 per share, for a total transaction of $29,730.00. Following the purchase, the executive vice president owned 38,636 shares of the company's stock, valued at $1,148,648.28. The trade was a 2.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Oxford Industries Trading Down 3.7%
NYSE OXM opened at $29.66 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The stock's 50-day simple moving average is $36.71 and its two-hundred day simple moving average is $38.72. Oxford Industries, Inc. has a twelve month low of $28.20 and a twelve month high of $49.58. The company has a market capitalization of $444.34 million, a price-to-earnings ratio of -58.16 and a beta of 1.06.
Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The textile maker reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. The firm had revenue of $394.38 million during the quarter, compared to analysts' expectations of $394.55 million. Oxford Industries had a positive return on equity of 4.88% and a negative net margin of 0.46%.The company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. 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. Research analysts forecast that Oxford Industries, Inc. will post 1.77 EPS for the current fiscal year.
Oxford Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors 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 yield of 9.4%. Oxford Industries's payout ratio is presently -549.02%.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $44.00 to $35.00 and set a "market perform" rating on the stock in a research report on Friday, September 4th. Citigroup cut their price objective on shares of Oxford Industries from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, September 4th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Oxford Industries in a research note on Wednesday, July 8th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a report on Thursday, June 11th. Finally, Truist Financial decreased their target price on shares of Oxford Industries from $40.00 to $33.00 and set a "hold" rating on the stock in a research report on Friday, September 4th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $35.25.
Read Our Latest Stock Report on OXM
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. raised its holdings in Oxford Industries by 40.7% during the 1st quarter. Heartland Advisors Inc. now owns 211,093 shares of the textile maker's stock valued at $8,129,000 after buying an additional 61,093 shares during the last quarter. BlackRock Inc. bought a new stake in Oxford Industries in the 2nd quarter worth $41,098,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Oxford Industries in the second quarter valued at about $4,270,000. Bank of America Corp DE increased its position in shares of Oxford Industries by 21.8% in the first quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker's stock valued at $15,677,000 after acquiring an additional 72,999 shares during the period. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Oxford Industries in the first quarter valued at about $4,658,000. Institutional investors own 91.16% of the company's stock.
Oxford Industries Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
