Oxford Industries (NYSE:OXM) Price Target Raised to $40.00

Oxford Industries (NYSE:OXM) had its price target increased by Telsey Advisory Group from $35.00 to $40.00 in a report released on Tuesday morning, Marketbeat.com reports. They currently have a market perform rating on the textile maker’s stock.

A number of other equities research analysts have also issued reports on OXM. Truist Financial cut their target price on Oxford Industries from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. UBS Group boosted their price objective on Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Zacks Research lowered shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Oxford Industries has an average rating of “Reduce” and an average target price of $45.40.

Oxford Industries Stock Up 5.6%

OXM stock opened at $42.71 on Tuesday. The firm has a market cap of $635.54 million, a PE ratio of -129.42 and a beta of 1.08. Oxford Industries has a 12 month low of $30.57 and a 12 month high of $88.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $36.64 and a 200 day simple moving average of $40.07.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, December 10th. The textile maker reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.03. Oxford Industries had a negative net margin of 0.20% and a positive return on equity of 9.35%. The firm had revenue of $307.34 million for the quarter, compared to analyst estimates of $304.42 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. Equities research analysts forecast that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.76 dividend on an annualized basis and a yield of 6.5%. Oxford Industries’s payout ratio is presently -836.36%.

Insider Activity

In related news, CEO Thomas Caldecot Chubb III bought 5,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was bought at an average price of $35.12 per share, with a total value of $175,600.00. Following the purchase, the chief executive officer directly owned 22,709 shares of the company’s stock, valued at approximately $797,540.08. This represents a 28.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is owned by company insiders.

Institutional Trading of Oxford Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after buying an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Oxford Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock valued at $517,000 after purchasing an additional 387 shares in the last quarter. Millennium Management LLC raised its holdings in Oxford Industries by 311.9% during the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after buying an additional 222,150 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oxford Industries by 22.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after buying an additional 5,577 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Oxford Industries by 406.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,095 shares of the textile maker’s stock worth $84,000 after acquiring an additional 1,681 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.