Bastion Asset Management Inc. Makes New Investment in Oxford Industries, Inc. $OXM

Bastion Asset Management Inc. purchased a new stake in shares of Oxford Industries, Inc. (NYSE:OXM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 98,922 shares of the textile maker’s stock, valued at approximately $4,196,000. Oxford Industries accounts for approximately 2.4% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in shares of Oxford Industries by 6.2% in the second quarter. American Century Companies Inc. now owns 561,236 shares of the textile maker’s stock worth $22,590,000 after buying an additional 32,693 shares during the last quarter. Bank of America Corp DE raised its position in Oxford Industries by 3.3% in the second quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock worth $17,804,000 after acquiring an additional 14,103 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Oxford Industries by 63.3% during the 2nd 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. Millennium Management LLC grew its position in shares of 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 acquiring an additional 222,150 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Oxford Industries by 44.1% during the 2nd quarter. Schroder Investment Management Group now owns 278,582 shares of the textile maker’s stock valued at $11,213,000 after acquiring an additional 85,292 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Transactions at Oxford Industries

In related news, CEO Thomas Caldecot Chubb III acquired 5,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was 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 directly owned 22,709 shares of the company’s stock, valued at approximately $797,540.08. This trade represents a 28.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OXM. UBS Group lifted their target price on Oxford Industries from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. Telsey Advisory Group boosted their price objective on Oxford Industries from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, January 13th. Citigroup decreased their target price on shares of Oxford Industries from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Zacks Research downgraded shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Friday, December 12th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $45.40.

Oxford Industries Stock Performance

NYSE:OXM opened at $38.23 on Monday. The stock has a 50-day moving average price of $37.43 and a 200 day moving average price of $39.25. The stock has a market capitalization of $568.91 million, a P/E ratio of -115.85 and a beta of 1.09. Oxford Industries, Inc. has a 12-month low of $30.57 and a 12-month high of $75.58. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results 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. Oxford Industries had a positive return on equity of 9.35% and a negative net margin of 0.20%.The business had revenue of $307.34 million during the quarter, compared to the consensus estimate of $304.42 million. During the same period in the prior year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. 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 forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, January 16th. Oxford Industries’s dividend payout ratio (DPR) is presently -836.36%.

Oxford Industries Profile

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.