Oxford Industries (NYSE:OXM) Given New $35.00 Price Target at UBS Group

Oxford Industries (NYSE:OXM) had its price objective cut by analysts at UBS Group from $36.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price indicates a potential upside of 6.54% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Thursday, December 11th. Telsey Advisory Group increased their price objective on Oxford Industries from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Truist Financial set a $38.00 target price on Oxford Industries in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.50.

Oxford Industries Stock Up 0.2%

OXM traded up $0.05 on Thursday, reaching $32.85. 113,469 shares of the company traded hands, compared to its average volume of 314,043. The company has a market cap of $488.82 million, a price-to-earnings ratio of -99.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.62. The stock’s 50 day moving average price is $38.46 and its 200-day moving average price is $38.56. Oxford Industries has a 52-week low of $30.57 and a 52-week high of $64.39.

Institutional Trading of Oxford Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Oxford Industries by 245.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after buying an additional 477 shares during the period. CWM LLC lifted its position in Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. GAMMA Investing LLC lifted its position in Oxford Industries by 46.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares during the last quarter. Quarry LP bought a new stake in Oxford Industries during the third quarter valued at about $38,000. Finally, Signaturefd LLC grew its position in shares of Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 300 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

About Oxford Industries

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.