Pinnacle Associates Ltd. Sells 45,637 Shares of Oxford Industries, Inc. $OXM

Pinnacle Associates Ltd. decreased its position in shares of Oxford Industries, Inc. (NYSE:OXM – Free Report) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,077 shares of the textile maker’s stock after selling 45,637 shares during the period. Pinnacle Associates Ltd. owned 0.96% of Oxford Industries worth $3,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Oxford Industries in the second quarter worth $41,098,000. Bank of America Corp DE increased its position in shares of Oxford Industries by 21.8% during the first quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker’s stock worth $15,677,000 after purchasing an additional 72,999 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Oxford Industries by 14.7% during the second quarter. Allianz Asset Management GmbH now owns 329,615 shares of the textile maker’s stock worth $11,494,000 after purchasing an additional 42,242 shares in the last quarter. Heartland Advisors Inc. acquired a new position in shares of Oxford Industries during the second quarter worth $8,516,000. Finally, Dupree Financial Group LLC lifted its holdings in shares of Oxford Industries by 1.9% during the 1st quarter. Dupree Financial Group LLC now owns 133,897 shares of the textile maker’s stock valued at $5,156,000 after purchasing an additional 2,528 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Buying and Selling at Oxford Industries

In other news, CEO Thomas Chubb, III purchased 3,500 shares of the stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $30.93 per share, with a total value of $108,255.00. Following the transaction, the chief executive officer owned 33,700 shares in the company, valued at $1,042,341. The trade was a 11.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP K. Grassmyer purchased 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $29.73 per share, with a total value of $29,730.00. Following the transaction, the executive vice president owned 38,636 shares in the company, valued at $1,148,648.28. This trade represents a 2.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 7,000 shares of company stock worth $203,360. 6.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on OXM shares. Zacks Research cut Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 8th. Telsey Advisory Group reduced their target price on 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. Truist Financial reduced their target price on Oxford Industries from $40.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, September 4th. UBS Group reiterated a “neutral” rating on shares of Oxford Industries in a research note on Wednesday, August 26th. Finally, BTIG Research reissued a “neutral” rating on shares of Oxford Industries in a report on Monday, October 5th. Six equities research 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.com, Oxford Industries currently has a consensus rating of “Reduce” and an average price target of $35.25.

Read Our Latest Analysis on Oxford Industries

Oxford Industries Stock Up 8.9%

NYSE:OXM opened at $28.36 on Friday. The company has a market cap of $424.86 million, a PE ratio of -55.61 and a beta of 1.13. Oxford Industries, Inc. has a twelve month low of $24.19 and a twelve month high of $49.58. The company has a current ratio of 1.17, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $30.28 and its two-hundred day moving average is $36.76.

Oxford Industries (NYSE:OXM – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $394.38 million for the quarter, compared to analyst estimates of $394.55 million. Oxford Industries had a negative net margin of 0.46% and a positive return on equity of 4.88%. Oxford Industries’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts anticipate that Oxford Industries, Inc. will post 1.77 EPS for the current year.

Oxford Industries Announces Dividend

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. This represents a $2.80 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, October 16th. Oxford Industries’s dividend payout ratio is presently -549.02%.

Oxford Industries Company Profile

(Free Report)

Oxford Industries, Inc is an Atlanta-based apparel and lifestyle company that designs, sources, markets and distributes branded clothing, accessories and related products. Its products are sold through company-operated stores, e-commerce websites, wholesale partners and other distribution channels.

The company’s principal lifestyle brands include Tommy Bahama, which offers resort-inspired apparel, accessories, footwear, home furnishings and hospitality experiences; Lilly Pulitzer, known for colorful women’s, men’s and children’s clothing and accessories; and Johnny Was, a premium women’s apparel and lifestyle brand.

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Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

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