UBS Group Lowers Oxford Industries (NYSE:OXM) Price Target to $80.00

Oxford Industries (NYSE:OXM) had its target price dropped by investment analysts at UBS Group from $81.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price would indicate a potential downside of 1.82% from the stock’s current price.

Several other research analysts have also commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th. Citigroup dropped their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th.

Oxford Industries Stock Up 6.0 %

Shares of OXM opened at $81.49 on Thursday. Oxford Industries has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The company’s fifty day moving average is $77.89 and its two-hundred day moving average is $88.65. The firm has a market cap of $1.28 billion, a PE ratio of 91.56 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.26%. Oxford Industries’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, equities research analysts anticipate that Oxford Industries will post 7.16 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new position in shares of Oxford Industries in the second quarter worth about $28,000. Quarry LP raised its position in shares of Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after buying an additional 1,083 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Oxford Industries during the 3rd quarter valued at approximately $206,000. Finally, Verity Asset Management Inc. acquired a new stake in shares of Oxford Industries during the third quarter worth approximately $233,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

About 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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.