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

On December 15th, 2024, UBS Group announced a reduction in the target price for Oxford Industries (NYSE:OXM) from $81.00 to $80.00. This adjustment was noted in a report where the firm maintained a neutral rating on the stock of the textile manufacturer.

Additionally, other analysts have shared their insights regarding Oxford Industries. On December 4th, the Telsey Advisory Group reiterated a “market perform” rating, setting a target price of $86.00 for the company. Meanwhile, on September 13th, Citigroup significantly reduced its price target for Oxford Industries from $92.00 to $65.00 while assigning a “sell” rating.

Performance Overview

As of Thursday, Oxford Industries opened at $81.54. Over the past year, the stock has seen a low of $72.24 and a high of $113.88. The 50-day moving average stands at $77.89, and the 200-day moving average is at $88.52. The company's market capitalization is approximately $1.28 billion, with a P/E ratio of 91.62 and a beta of 1.56, indicating higher volatility in comparison to the market.

Earnings Report Details

Oxford Industries released its quarterly earnings on December 11th. The report indicated a loss of ($0.11) earnings per share, falling short of the consensus estimate of $0.09 by ($0.20). The company’s return on equity was reported at 19.26%, with a net margin of 0.98%. Revenue for the quarter totaled $308 million, below analysts' expectations of $316.84 million, reflecting a decline of 5.7% compared to the same period the previous year. Analysts project that Oxford Industries will report earnings of 7.16 per share for the current fiscal year.

Dividend Announcement

In other news, Oxford Industries has declared a quarterly dividend that will be payable on January 31st. Shareholders recorded by January 17th will receive a dividend of $0.67 per share, equivalent to an annualized dividend of $2.68 and a yield of 3.29%. The ex-dividend date is also January 17th, and the company’s payout ratio stands at 301.12%.

Insider Activity Insights

In related insider trading news, Scott Grassmyer, the Executive Vice President, sold 1,495 shares of the company’s stock on September 24th. The shares were sold at an average price of $86.77, totaling around $129,721. Following this transaction, the executive vice president retains 31,428 shares, approximately valued at $2,727,007.56. This sale represented a 4.54% decrease in their share ownership.

Institutional Trading Overview

Recent activity has shown several institutional investors making moves with Oxford Industries shares. In the second quarter, 1620 Investment Advisors Inc. acquired new shares worth approximately $28,000. Quarry LP increased its holdings by an impressive 4,650.0%, owning 475 shares valued at $48,000 post acquisition. Advisors Asset Management Inc. also expanded their investments, growing their holdings by 223.3% during the third quarter, reaching a value of $136,000 after buying an additional 1,083 shares. Modular Investment Management and Verity Asset Management were among other institutions that made new investments in the third quarter, acquiring shares valued at $206,000 and $233,000, respectively. Currently, institutional investors own 91.16% of Oxford Industries stocks.

About Oxford Industries

Oxford Industries, Inc. is a prominent apparel company that designs, sources, markets, and distributes a variety of lifestyle brands globally. The company offers products under various brands, including men’s and women’s sportswear, along with specific items like dresses, accessories, and children’s apparel through its subsidiaries like Tommy Bahama and Lilly Pulitzer.

UBS, Oxford, Stocks