UBS Group Lowers Oxford Industries (NYSE:OXM) Price Target to $35.00

Oxford Industries (NYSE:OXM) had its price objective decreased by research analysts at UBS Group from $36.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. UBS Group’s price target would suggest a potential upside of 2.05% from the stock’s previous close.

Several other research analysts have also recently commented on OXM. Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Zacks Research raised shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Citigroup reduced their price objective on shares of Oxford Industries from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Telsey Advisory Group raised their price objective on Oxford Industries from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, January 13th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $36.50.

Oxford Industries Trading Up 0.5%

NYSE OXM opened at $34.30 on Thursday. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $64.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.33. The stock’s 50 day moving average price is $38.34 and its two-hundred day moving average price is $38.46. The stock has a market capitalization of $510.32 million, a price-to-earnings ratio of -103.92 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Oxford Industries by 1,374.3% in the 4th quarter. Millennium Management LLC now owns 326,607 shares of the textile maker’s stock valued at $11,170,000 after purchasing an additional 304,454 shares during the period. Qube Research & Technologies Ltd bought a new position in Oxford Industries during the second quarter worth about $7,195,000. Arrowstreet Capital Limited Partnership increased its position in Oxford Industries by 63.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 439,276 shares of the textile maker’s stock worth $17,681,000 after buying an additional 170,208 shares during the last quarter. Two Sigma Investments LP increased its position in Oxford Industries by 394.9% during the third quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock worth $7,773,000 after buying an additional 152,995 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Oxford Industries by 569.6% in the third quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock valued at $7,067,000 after buying an additional 148,283 shares during the period. 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.