Oxford Industries, Inc. $OXM Stock: Pinnacle Associates Ltd. Cuts Holdings

Pinnacle Associates Ltd. cut its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 24.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 144,077 shares of the textile maker’s stock after selling 45,637 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Oxford Industries were worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Oxford Industries during the 2nd quarter valued at approximately $38,000. Meeder Asset Management Inc. purchased a new stake in shares of Oxford Industries in the 2nd quarter valued at $81,000. Whittier Trust Co. acquired a new stake in shares of Oxford Industries in the second quarter worth $163,000. Gables Capital Management Inc. acquired a new stake in shares of Oxford Industries in the second quarter worth $181,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Oxford Industries in the first quarter worth $224,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Trading Up 8.9%

Shares of NYSE:OXM opened at $28.36 on Friday. Oxford Industries, Inc. has a 12-month low of $24.19 and a 12-month high of $49.58. The company has a market capitalization of $424.86 million, a PE ratio of -55.61 and a beta of 1.13. The business has a 50 day moving average of $30.28 and a two-hundred day moving average of $36.76. The company has a current ratio of 1.17, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, September 3rd. The textile maker reported $1.34 EPS for the quarter, topping the consensus estimate of $1.31 by $0.03. Oxford Industries had a positive return on equity of 4.88% and a negative net margin of 0.46%. The business had revenue of $394.38 million for the quarter, compared to analyst estimates of $394.55 million. During the same quarter in the prior year, the firm posted $1.26 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. 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. As a group, analysts forecast 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Friday, October 16th. Oxford Industries’s payout ratio is currently -549.02%.

Insider Buying and Selling at Oxford Industries

In other news, EVP K. Grassmyer bought 1,000 shares of the firm’s 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 directly owned 38,636 shares in the company, valued at approximately $1,148,648.28. This trade represents a 2.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Chubb, III purchased 3,500 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average cost of $30.93 per share, for a total transaction of $108,255.00. Following the completion of the acquisition, the chief executive officer directly owned 33,700 shares of the company’s stock, valued at $1,042,341. This represents a 11.59% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 7,000 shares of company stock valued at $203,360. Company insiders own 6.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $44.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, September 4th. Truist Financial decreased their target price on shares of Oxford Industries from $40.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, September 4th. BTIG Research reaffirmed a “neutral” rating on shares of Oxford Industries in a report on Monday, October 5th. Citigroup cut their price target on Oxford Industries from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Finally, Weiss Ratings downgraded Oxford Industries from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 16th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Oxford Industries presently has an average rating of “Reduce” and an average target price of $35.25.

Oxford Industries Profile

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.