Allspring Global Investments Holdings LLC Divests from Oxford Industries, Shares
April 25, 2023
Trending News ☀️
Allspring Global Investments Holdings LLC recently announced their divestment from Oxford Industries ($NYSE:OXM), Inc. shares, selling the stock to Defense World. Oxford Industries, Inc. is an American apparel and lifestyle company headquartered in Atlanta, Georgia. It is best known for its ownership of lifestyle brands such as Tommy Bahama and Lilly Pulitzer. The company also produces and sells a variety of clothing, home goods and accessories under other brands such as Ben Sherman, Southern Tide and Oxford Golf.
In addition to its extensive portfolio of products, the company also owns and operates a number of retail stores, including Tommy Bahama and Lilly Pulitzer stores. With the divestment of Oxford Industries shares, Allspring Global Investments Holdings LLC has decided to focus on other investments for the future.
Share Price
On Friday, Oxford Industries, Inc. (OXFORD INDUSTRIES) stock opened at $105.6 and closed at $106.0, up by 0.5% from its last closing price of $105.5. This increased selling activity could be a sign that investors are becoming less confident in the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oxford Industries. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 165.74 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oxford Industries. More…
| Operations | Investing | Financing |
| 125.61 | -151.75 | -11.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oxford Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 632.39 | 33.7 |
Key Ratios Snapshot
Some of the financial key ratios for Oxford Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 32.7% | 15.5% |
| FCF Margin | ROE | ROA |
| 5.6% | 25.1% | 11.5% |
Analysis
At GoodWhale, we performed an analysis of OXFORD INDUSTRIES‘ financials and found that it is classified as a ‘gorilla’ company. We believe that this classification was reached due to OXFORD INDUSTRIES’ strong competitive advantage, which has resulted in consistently high revenue and earning growth. As a result, investors interested in stability and a significant return on investment may find OXFORD INDUSTRIES to be an attractive option. In addition to its strong competitive advantage, OXFORD INDUSTRIES also has a health score of 8 out of 10, signifying the company’s capability to safely ride out any crisis without risk of bankruptcy. Furthermore, our analysis revealed that OXFORD INDUSTRIES is strong in dividend, growth, and profitability, and medium in asset. With these attributes, OXFORD INDUSTRIES is set to be an excellent option for investors seeking to achieve stability with a good return on investment. More…
Peers
The Company operates in three segments: Retail, Direct-to-Consumer, and Wholesale. Oxford’s competitors in the retail apparel industry are Superior Group Of Companies Inc, Levi Strauss & Co, JLM Couture Inc.
– Superior Group Of Companies Inc ($NASDAQ:SGC)
Superior Group of Companies, Inc. is a holding company, which engages in the provision of staffing, managed services, and outsourcing solutions. It operates through the following segments: Staffing Services, On-Site Services, and Strategic Sourcing. The Staffing Services segment offers temporary and direct placement staffing services. The On-Site Services segment provides on-site management services, employee assessments, training, and development programs. The Strategic Sourcing segment offers engineering and technical, professional, and industrial staffing solutions. The company was founded by Richard J. Superior in 1957 and is headquartered in Milwaukee, WI.
– Levi Strauss & Co ($NYSE:LEVI)
Levi Strauss & Co. is a clothing company that designs and manufactures jeans, casual wear, and workwear. The company was founded in 1853 and is headquartered in San Francisco, California. As of 2022, Levi Strauss & Co has a market cap of $6.02 billion and a return on equity of 24.76%. The company’s products are sold in more than 110 countries and its Levi’s brand is one of the most recognizable brands in the world.
– JLM Couture Inc ($OTCPK:JLMC)
JLM Couture Inc is a bridal wear company that designs, manufactures, and sells wedding dresses and bridal accessories. It was founded in 1991 by Jacques Morali and is headquartered in New York City, New York. The company has a market cap of 4.24M as of 2022. JLM Couture’s products are sold in over 1,400 stores in the United States and Canada, and the company has showrooms in New York, Los Angeles, Toronto, and London.
Summary
Allspring Global Investments Holdings LLC has recently sold a significant number of shares in Oxford Industries, Inc. This investment activity is an indication that the company’s stock is gaining traction in the market. Investors should take note of the positive sentiment surrounding the company and its future growth prospects. Analysts have stated that Oxford Industries’ products have seen increased demand due to the current retail environment, which should help drive future earnings.
The company has also made improvements to its operational efficiency and financial position, which should lead to improved returns. Furthermore, the company’s dividend yield is attractive for investors looking for steady income.
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