UBS Group Issues Pessimistic Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its target price reduced by UBS Group from $66.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price target points to a potential downside of 3.28% from the stock’s current price.

A number of other brokerages have also recently issued reports on OXM. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research report on Friday.

Oxford Industries Stock Down 5.8 %

NYSE OXM opened at $58.93 on Friday. 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 has a 52 week low of $53.23 and a 52 week high of $111.46. The stock has a market capitalization of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. The stock has a fifty day moving average of $69.73 and a 200-day moving average of $76.68.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping 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 firm had revenue of $390.51 million during the quarter, compared to analysts’ expectations of $383.94 million. During the same period in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Oxford Industries will post 6.62 EPS for the current year.

Insider Transactions at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing 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

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock valued at $32,000 after buying an additional 373 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Oxford Industries in the 4th quarter valued at $63,000. Blue Trust Inc. boosted its stake in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after purchasing an additional 160 shares during the period. Vestcor Inc bought a new position in Oxford Industries during the 4th quarter worth about $100,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.