UBS Group Increases Oxford Industries (NYSE:OXM) Price Target to $42.00

Oxford Industries (NYSE:OXM) had its price objective raised by analysts at UBS Group from $33.00 to $42.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective would suggest a potential downside of 9.00% from the stock’s current price.

A number of other research analysts also recently weighed in on OXM. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Truist Financial decreased their target price on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Telsey Advisory Group increased their price target on Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup lifted their price objective on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $39.75.

Oxford Industries Stock Up 3.4%

Shares of NYSE:OXM traded up $1.53 during trading on Tuesday, reaching $46.15. 268,408 shares of the stock traded hands, compared to its average volume of 286,569. The stock has a market cap of $687.23 million, a P/E ratio of -23.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The stock has a 50-day moving average of $41.41 and a two-hundred day moving average of $38.84. Oxford Industries has a 52-week low of $30.57 and a 52-week high of $56.39.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million for the quarter, compared to analysts’ expectations of $372.30 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Oxford Industries will post 2.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of Oxford Industries by 33.9% during the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 1,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Oxford Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after purchasing an additional 387 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Oxford Industries by 311.9% in the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after purchasing an additional 222,150 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oxford Industries by 22.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after buying an additional 5,577 shares in the last quarter. Finally, Norges Bank bought a new position in Oxford Industries during the second quarter valued at approximately $369,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.