UBS Group Adjusts Price Target for Oxford Industries Stock

On December 15, 2024, UBS Group announced a reduction in its target price for Oxford Industries (NYSE: OXM), decreasing it from $81.00 to $80.00. The firm has maintained a neutral rating on the company’s stock.

Several other analysts have also weighed in on Oxford Industries. The Telsey Advisory Group reaffirmed a 'market perform' rating and set a target price of $86.00 on December 4. In contrast, Citigroup has been more bearish, cutting its price target from $92.00 to $65.00 and issuing a 'sell' rating on September 13.

Oxford Industries Price Performance

On the day of the report, 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, while the 200-day moving average is $88.52. The company has a market capitalization of $1.28 billion, a price-to-earnings (P/E) ratio of 91.62, and a beta of 1.56, indicating that the stock is more volatile than the market.

Oxford Industries released its quarterly earnings results on December 11, reporting a loss of $0.11 per share, which was below analysts' expectations of $0.09. The company achieved a return on equity of 19.26% and a net margin of 0.98%. During the quarter, it generated revenue of $308.00 million, missing expectations of $316.84 million and reflecting a 5.7% decline compared to the same period last year. Analysts project that Oxford Industries will report an earnings per share of 7.16 for the current fiscal year.

Oxford Industries Dividend Announcement

In addition to its earnings report, Oxford Industries announced a quarterly dividend of $0.67 per share, which is expected to be paid on January 31. Shareholders on record as of January 17 will receive this dividend, yielding an annualized dividend of $2.68 and a dividend yield of 3.29%. However, the company's payout ratio stands at 301.12%, suggesting a high level of dividend pay-out relative to earnings.

Insider Activity

In recent insider transactions, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries on September 24, at an average price of $86.77, totalizing $129,721.15. Following this sale, he retained 31,428 shares in the company, valued at approximately $2.73 million. This transaction resulted in a 4.54% decrease in his ownership stake. Insider ownership currently stands at 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

Institutional investors have been active in the market for Oxford Industries shares recently. Notably, 1620 Investment Advisors Inc. purchased a new stake worth around $28,000 in the second quarter. Quarry LP dramatically increased its stake by 4,650.0% in this period and now holds 475 shares valued at $48,000. Advisors Asset Management Inc. also boosted its holdings by 223.3%, owning 1,568 shares after acquiring 1,083 additional shares. Other institutional moves include M&T Bank Corp acquiring new shares valued at $206,000 and Verity Asset Management Inc. purchasing shares worth $233,000. Institutional investors own a significant portion, totaling 91.16% of the company's stock.

About Oxford Industries

Oxford Industries, Inc., is an apparel company that designs, sources, markets, and distributes products for various lifestyle brands globally. The company offers a range of products, including men's and women's sportswear under the Tommy Bahama brand and dresses, sportswear, and accessories for women and girls under the Lilly Pulitzer brand.

UBS, Oxford, Stocks