Oxford Industries (NYSE:OXM) Price Target Cut to $47.00 by Analysts at Citigroup

Oxford Industries (NYSE:OXM) had its price objective reduced by equities researchers at Citigroup from $52.00 to $47.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the textile maker’s stock. Citigroup’s price target suggests a potential upside of 2.11% from the company’s previous close.

OXM has been the subject of several other research reports. UBS Group lowered their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, Telsey Advisory Group reduced their price objective on 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.

Oxford Industries Stock Down 13.3 %

Shares of OXM stock opened at $46.03 on Monday. The stock has a market cap of $684.21 million, a P/E ratio of 51.72 and a beta of 1.40. The company’s fifty day simple moving average is $64.90 and its two-hundred day simple moving average is $74.95. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries has a 52 week low of $45.61 and a 52 week high of $111.46.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.90 earnings per share. Analysts predict that Oxford Industries will post 6.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Milford W. Mcguirt purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the purchase, the director now directly owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18 % increase in their position. The disclosure for this purchase can be found here. 5.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Southernsun Asset Management LLC purchased a new stake in Oxford Industries in the 4th quarter valued at about $20,308,000. Senvest Management LLC purchased a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $19,352,000. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries in the fourth quarter worth approximately $16,489,000. Dimensional Fund Advisors LP increased its holdings in Oxford Industries by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock worth $66,958,000 after purchasing an additional 103,253 shares during the period. Finally, Wellington Management Group LLP raised its position in Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after purchasing an additional 102,525 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

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.