Lazard Asset Management LLC Sells 33,318 Shares of Oxford Industries, Inc. $OXM

Lazard Asset Management LLC trimmed its stake in Oxford Industries, Inc. (NYSE:OXM) by 39.7% in the 1st quarter, HoldingsChannel reports. The firm owned 50,554 shares of the textile maker’s stock after selling 33,318 shares during the period. Lazard Asset Management LLC’s holdings in Oxford Industries were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. purchased a new position in Oxford Industries during the first quarter valued at $4,754,000. Gabelli Funds LLC bought a new position in shares of Oxford Industries in the first quarter worth about $385,000. Cetera Investment Advisers lifted its position in shares of Oxford Industries by 9.9% during the 1st quarter. Cetera Investment Advisers now owns 17,482 shares of the textile maker’s stock valued at $673,000 after buying an additional 1,578 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of 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 in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Oxford Industries by 4.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 7,696 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 359 shares during the period. 91.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oxford Industries news, CEO Thomas Caldecot Chubb III purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of $36.90 per share, with a total value of $92,250.00. Following the completion of the purchase, the chief executive officer directly owned 30,200 shares in the company, valued at $1,114,380. This trade represents a 9.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Oxford Industries Price Performance

NYSE:OXM opened at $38.04 on Tuesday. The business’s 50-day moving average is $39.18 and its 200 day moving average is $39.49. Oxford Industries, Inc. has a 12 month low of $30.57 and a 12 month high of $51.61. The company has a market capitalization of $567.98 million, a P/E ratio of -14.41 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, June 10th. The textile maker reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.12. Oxford Industries had a positive return on equity of 4.55% and a negative net margin of 2.65%.The business had revenue of $391.40 million during the quarter, compared to analysts’ expectations of $391.76 million. During the same quarter last year, the business posted $1.82 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Oxford Industries has set its FY 2026 guidance at 2.300-2.700 EPS and its Q2 2026 guidance at 1.200-1.400 EPS. On average, equities research analysts forecast that Oxford Industries, Inc. will post 2.5 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 7.4%. The ex-dividend date was Friday, July 17th. Oxford Industries’s payout ratio is currently -106.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Truist Financial reduced their price objective on shares of Oxford Industries from $43.00 to $40.00 and set a “hold” rating for the company in a research note on Thursday, June 11th. UBS Group set a $40.00 price objective on shares of Oxford Industries in a research report on Friday, June 12th. Finally, Citigroup upped their target price on shares of Oxford Industries from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $40.00.

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.