Bank of New York Mellon Corp Sells 7,038 Shares of Oxford Industries, Inc. (NYSE:OXM)

May 15, 2024

Bank of New York Mellon Corp lowered its position in shares of Oxford Industries, Inc. (NYSE:OXM - Free Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,469 shares of the textile maker's stock after selling 7,038 shares during the quarter. Bank of New York Mellon Corp owned about 1.45% of Oxford Industries worth $24,124,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OXM. Moran Wealth Management LLC bought a new position in shares of Oxford Industries during the 4th quarter worth about $2,505,000. Cassaday & Co Wealth Management LLC boosted its position in shares of Oxford Industries by 11.0% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 33,512 shares of the textile maker's stock worth $3,539,000 after purchasing an additional 3,314 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of Oxford Industries by 107.9% during the 4th quarter. Foster & Motley Inc. now owns 11,101 shares of the textile maker's stock worth $1,034,000 after purchasing an additional 5,761 shares in the last quarter. J. W. Coons Advisors LLC boosted its position in shares of Oxford Industries by 49.9% during the 1st quarter. J. W. Coons Advisors LLC now owns 3,560 shares of the textile maker's stock worth $376,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of Oxford Industries by 25.5% during the 4th quarter. Citigroup Inc. now owns 11,279 shares of the textile maker's stock worth $1,051,000 after purchasing an additional 2,295 shares in the last quarter. Institutional investors own 91.73% of the company's stock.

NYSE:OXM opened at $101.47 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 1.35. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 9.80 and a beta of 1.51. Oxford Industries, Inc. has a 52 week low of $85.00 and a 52 week high of $123.37. The firm has a 50-day moving average price of $102.88 and a two-hundred day moving average price of $105.90.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 7th. The textile maker reported $3.78 EPS for the quarter, beating the consensus estimate of $3.74 by $0.04. The firm had revenue of $420.10 million during the quarter, compared to analyst estimates of $419.10 million. Oxford Industries had a net margin of 11.28% and a return on equity of 32.20%. On average, equities analysts expect that Oxford Industries, Inc. will post 11.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a $0.65 dividend. The ex-dividend date was Thursday, July 13th. This represents a $2.60 annualized dividend and a yield of 2.56%. Oxford Industries's dividend payout ratio (DPR) is 25.12%.

In other Oxford Industries news, Director Dennis M. Love sold 1,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.41, for a total value of $103,410.00. Following the completion of the sale, the director now owns 16,923 shares in the company, valued at approximately $1,750,007.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Dennis M. Love sold 929 shares of the firm's stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $104.58, for a total transaction of $97,154.82. Following the completion of the sale, the director now owns 15,994 shares in the company, valued at approximately $1,672,652.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis M. Love sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.41, for a total transaction of $103,410.00. Following the sale, the director now owns 16,923 shares of the company's stock, valued at approximately $1,750,007.43. The disclosure for this sale can be found here. Company insiders own 6.00% of the company's stock.

A number of research firms have recently issued reports on OXM. Telsey Advisory Group reissued a "market perform" rating and set a $115.00 price objective on shares of Oxford Industries in a research report on Friday. Citigroup dropped their price target on shares of Oxford Industries from $110.00 to $101.00 in a research report on Thursday, June 8th. StockNews.com assumed coverage on shares of Oxford Industries in a research report on Thursday, August 17th. They issued a "hold" rating on the stock. Finally, UBS Group dropped their price target on shares of Oxford Industries from $110.00 to $108.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $121.50.

View Our Latest Report on Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.

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