Oxford Industries (NYSE:OXM) Given New $80.00 Price Target at UBS Group

Oxford Industries (NYSE:OXM) had its price target cut by stock analysts at UBS Group from $81.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. UBS Group’s price target would suggest a potential downside of 1.82% from the stock’s current price.

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

Oxford Industries Trading Up 6.0 %

Shares of NYSE OXM opened at $81.49 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 91.56 and a beta of 1.56. Oxford Industries has a twelve month low of $72.24 and a twelve month high of $113.88. The business has a 50 day simple moving average of $77.89 and a 200-day simple moving average of $88.65.

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

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in shares of Oxford Industries by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker’s stock worth $667,000 after acquiring an additional 527 shares during the period. Geode Capital Management LLC raised its holdings in Oxford Industries by 0.8% during the third quarter. Geode Capital Management LLC now owns 334,795 shares of the textile maker’s stock worth $29,052,000 after purchasing an additional 2,584 shares in the last quarter. M&T Bank Corp acquired a new stake in Oxford Industries in the third quarter worth approximately $206,000. Barclays PLC boosted its stake in Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock valued at $4,208,000 after purchasing an additional 20,620 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Oxford Industries during the 3rd quarter valued at $1,175,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.