UBS Group Lowers Oxford Industries (NYSE:OXM) Price Target to $91.00

Oxford Industries (NYSE:OXM) had its price target trimmed by UBS Group from $101.00 to $91.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

A number of other equities analysts also recently issued reports on the company. Telsey Advisory Group restated a market perform rating and set a $110.00 price objective on shares of Oxford Industries in a research report on Thursday, June 13th. Citigroup lowered their price target on shares of Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $100.60.

Oxford Industries Trading Down 1.0 %

OXM opened at $83.57 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $113.88. The company’s 50 day moving average price is $94.26 and its two-hundred day moving average price is $101.44. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 33.83 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.04). The business had revenue of $398.18 million during the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. As a group, research analysts predict that Oxford Industries will post 8.8 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.21%. Oxford Industries’s payout ratio is 108.50%.

Insiders Place Their Bets

In other news, EVP Thomas E. Campbell sold 17,540 shares of Oxford Industries stock in a transaction on Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now owns 24,865 shares in the company, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. bought a new position in shares of Oxford Industries in the 2nd quarter worth $28,000. Quest Partners LLC bought a new position in shares of Oxford Industries in the fourth quarter valued at $36,000. Quarry LP grew its holdings in shares of Oxford Industries by 4,650.0% during the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after buying an additional 465 shares during the last quarter. Natixis bought a new stake in shares of Oxford Industries during the first quarter worth about $109,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Oxford Industries in the 1st quarter worth about $137,000. 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.