Oxford Industries (NYSE:OXM) Shares Gap Down on Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM)’s stock price gapped down before the market opened on Friday after UBS Group lowered their price target on the stock from $66.00 to $57.00. The stock had previously closed at $62.54, but opened at $54.84. UBS Group currently has a neutral rating on the stock. Oxford Industries shares last traded at $59.86, with a volume of 301,982 shares traded.

A number of other equities analysts have also recently weighed in on OXM. Telsey Advisory Group decreased their price target on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Friday.

Insider Buying and Selling

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Large investors have recently modified their holdings of the stock. Southernsun Asset Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $20,308,000. Senvest Management LLC acquired a new position in Oxford Industries in the fourth quarter worth $19,352,000. FMR LLC increased its stake in Oxford Industries by 36.8% during the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after purchasing an additional 244,022 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new stake in shares of Oxford Industries during the fourth quarter worth $16,489,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Oxford Industries by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock worth $66,958,000 after buying an additional 103,253 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $70.26 and its 200-day moving average price is $76.88. The company has a market capitalization of $944.87 million, a P/E ratio of 66.89 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. Oxford Industries’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 earnings per share. As a group, equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Company Profile

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.