UBS Group Reduces Price Target for Oxford Industries (NYSE:OXM) Stock

On December 15th, 2024, UBS Group announced that it has lowered its price target for Oxford Industries (NYSE:OXM) from $81.00 to $80.00. This information comes from a recent report in which UBS maintained a neutral rating on the stock of the apparel company.

Several other analysts have also weighed in on the stock's performance. For instance, on December 4th, Telsey Advisory Group reaffirmed their ‘market perform’ rating and set an $86.00 target price for Oxford Industries. Meanwhile, Citigroup reduced their target from $92.00 to $65.00 and assigned a ‘sell’ rating for the company in a report released on September 13th.

Recent Performance of Oxford Industries Stock

On the day the news was released, Oxford Industries' stock opened at $81.54. The stock has seen considerable volatility over the past year, with a low of $72.24 and a high of $113.88. Currently, the 50-day moving average stands at $77.89 and the 200-day moving average is at $88.52. As of now, Oxford Industries has a market capitalization of approximately $1.28 billion, a price-to-earnings (P/E) ratio of 91.62, and a beta of 1.56, indicating a relatively high level of volatility compared to the market.

Oxford Industries shared its latest quarterly earnings results on December 11th. The company revealed earnings per share (EPS) of ($0.11) for the quarter, missing the anticipated estimate of $0.09 by ($0.20). The reported return on equity was 19.26%, and the net margin sat at 0.98%. Revenue for the quarter totaled $308.00 million, falling short of analysts' predictions which were around $316.84 million. When compared to the same quarter from the previous year, revenue decreased by 5.7%. Analysts currently predict that Oxford Industries will achieve EPS of 7.16 for the ongoing fiscal year.

Dividend Announcement

In addition to the stock performance updates, Oxford Industries has declared a quarterly dividend of $0.67 per share, scheduled to be paid on January 31st. Shareholders who are on record by January 17th will receive this dividend. This annualizes to a total of $2.68 per share, resulting in a dividend yield of 3.29%. The ex-dividend date is set for January 17th. Notably, the company’s payout ratio is quite high at 301.12%, which may raise concerns about sustainability.

Insider Trading Activity

In a related development, Scott Grassmyer, an executive vice president of the company, sold 1,495 shares of Oxford Industries on September 24th. The shares were sold at an average price of $86.77, totaling approximately $129,721. Following this transaction, Grassmyer retained ownership of 31,428 shares of the company, valued at around $2,727,007.56. This sale represented a 4.54% reduction in his holding in the company. This information was disclosed in filings with the SEC.

Institutional Ownership Trends

Institutional interest in Oxford Industries remains strong, with a significant portion of shares held by various hedge funds. For example, in the second quarter, 1620 Investment Advisors Inc. acquired a new position in Oxford Industries valued at approximately $28,000. Quarry LP significantly increased its stake by 4,650.0%, now owning 475 shares valued at $48,000 after buying an additional 465 shares recently. Advisors Asset Management Inc. has also grown its holdings in the stock by 223.3%, now owning 1,568 shares valued at about $136,000 after acquiring 1,083 shares in the last quarter. Institutional investors collectively hold 91.16% of the company's stock, showcasing strong backing for Oxford Industries.

About Oxford Industries

Oxford Industries, Inc. is an apparel company that designs, sources, markets, and distributes lifestyle and other brand products globally. The company is well-known for its offerings under the Tommy Bahama and Lilly Pulitzer brands, providing a range of products from sportswear to accessories and children's apparel.

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