UBS Group Lowers Oxford Industries (NYSE:OXM) Price Target to $57.00

Oxford Industries (NYSE:OXM) had its price target dropped by analysts at UBS Group from $66.00 to $57.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective points to a potential downside of 3.28% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Friday. Telsey Advisory Group reduced their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, March 24th.

Oxford Industries Stock Performance

OXM opened at $58.93 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $69.73 and its two-hundred day moving average price is $76.68. The firm has a market capitalization of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. Oxford Industries has a 12-month low of $53.23 and a 12-month high of $111.46.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.90 earnings per share. On average, equities analysts forecast that Oxford Industries will post 6.62 earnings per share for the current year.

Insider Transactions at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Advisors Asset Management Inc. raised its stake in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 1,083 shares during the last quarter. Intech Investment Management LLC bought a new position in Oxford Industries in the 3rd quarter valued at $502,000. Charles Schwab Investment Management Inc. boosted its stake in Oxford Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after purchasing an additional 25,619 shares in the last quarter. Cerity Partners LLC boosted its stake in Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock worth $923,000 after purchasing an additional 2,167 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Oxford Industries by 36.8% during the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after purchasing an additional 244,022 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.