Oxford Industries (NYSE:OXM) Trading Up 8.9% – Here’s What Happened

Oxford Industries, Inc. (NYSE:OXM) shares shot up 8.9% on Thursday . The company traded as high as $40.24 and last traded at $40.1650. 152,693 shares were traded during mid-day trading, a decline of 54% from the average session volume of 333,319 shares. The stock had previously closed at $36.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Thursday, December 11th. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $52.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. Finally, UBS Group boosted their target price on shares of Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $43.80.

Oxford Industries Price Performance

The stock’s fifty day moving average price is $36.39 and its 200-day moving average price is $40.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.62. The firm has a market cap of $535.75 million, a price-to-earnings ratio of -109.10 and a beta of 1.08.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, December 10th. The textile maker reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.03. The firm had revenue of $307.34 million for the quarter, compared to analysts’ expectations of $304.42 million. Oxford Industries had a negative net margin of 0.20% and a positive return on equity of 9.35%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. Equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, January 16th. Oxford Industries’s payout ratio is presently -836.36%.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III acquired 5,000 shares of the stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of $35.12 per share, with a total value of $175,600.00. Following the acquisition, the chief executive officer owned 22,709 shares in the company, valued at approximately $797,540.08. The trade was a 28.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted 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 valued at $17,213,000 after purchasing an additional 222,150 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Oxford Industries in the second quarter valued at approximately $7,195,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Oxford Industries by 63.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 439,276 shares of the textile maker’s stock worth $17,681,000 after acquiring an additional 170,208 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Oxford Industries by 394.9% in the third quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock worth $7,773,000 after acquiring an additional 152,995 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Oxford Industries by 569.6% during the third quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock worth $7,067,000 after acquiring an additional 148,283 shares during the period. Institutional investors own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.