UBS Group Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its target price reduced by UBS Group from $81.00 to $80.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

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

Oxford Industries Price Performance

Oxford Industries stock opened at $81.54 on Thursday. Oxford Industries has a 1-year low of $72.24 and a 1-year high of $113.88. The company’s 50-day moving average is $77.89 and its 200 day moving average is $88.52. The firm has a market capitalization of $1.28 billion, a P/E ratio of 91.62 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its quarterly 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 return on equity of 19.26% and a net margin of 0.98%. The business had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts anticipate that Oxford Industries will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, January 17th. Oxford Industries’s payout ratio is 301.12%.

Insider Activity

In related news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. Insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. purchased a new position in shares of Oxford Industries in the 2nd quarter worth approximately $28,000. Quarry LP boosted its stake in Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 465 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Oxford Industries during the third quarter worth $206,000. Finally, Verity Asset Management Inc. purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $233,000. Institutional investors own 91.16% of the company’s stock.

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.