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

Oxford Industries (NYSE:OXM) had its price target reduced by analysts at UBS Group from $66.00 to $57.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective suggests a potential downside of 5.00% from the stock’s previous close.

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

Oxford Industries Trading Down 4.1 %

Shares of OXM stock opened at $60.00 on Friday. Oxford Industries has a 52-week low of $51.55 and a 52-week high of $113.88. The business’s fifty day moving average is $70.26 and its 200 day moving average is $76.88. The company has a market capitalization of $942.11 million, a PE ratio of 67.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42.

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

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Oxford Industries by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after purchasing an additional 27,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Oxford Industries by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker’s stock worth $1,917,000 after purchasing an additional 4,141 shares during the period. Vident Advisory LLC increased its stake in Oxford Industries by 9.0% during the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker’s stock worth $650,000 after purchasing an additional 683 shares in the last quarter. ProShare Advisors LLC increased its stake in Oxford Industries by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker’s stock valued at $352,000 after buying an additional 1,376 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Oxford Industries in the 4th quarter valued at about $3,119,000. 91.16% of the stock is owned by institutional investors.

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.