Oxford Industries (NYSE:OXM) Price Target Raised to $50.00

Oxford Industries (NYSE:OXM) had its price objective raised by Truist Financial from $47.00 to $50.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

A number of other brokerages have also recently commented on OXM. UBS Group cut their price target on shares of Oxford Industries from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, August 27th. Zacks Research upgraded shares of Oxford Industries to a “hold” rating in a research note on Monday, August 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $52.00 price target on shares of Oxford Industries in a research note on Thursday. Finally, Citigroup cut their price target on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating for the company in a research note on Thursday, June 12th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $54.40.

Oxford Industries Stock Performance

Shares of OXM opened at $47.23 on Thursday. Oxford Industries has a 12 month low of $36.25 and a 12 month high of $89.86. The firm has a fifty day simple moving average of $43.33 and a 200 day simple moving average of $49.19. The stock has a market capitalization of $705.62 million, a price-to-earnings ratio of 12.76 and a beta of 1.36. The company has a current ratio of 1.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 10th. The textile maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Oxford Industries had a net margin of 3.80% and a return on equity of 10.99%. The business had revenue of $403.10 million during the quarter, compared to analysts’ expectations of $406.14 million. During the same quarter in the prior year, the company posted $2.77 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050–0.85 EPS. Research analysts forecast that Oxford Industries will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.8%. Oxford Industries’s dividend payout ratio is presently 74.59%.

Insider Activity

In related news, CEO Robert S. Trauber acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were bought at an average cost of $41.38 per share, with a total value of $413,800.00. Following the completion of the transaction, the chief executive officer directly owned 13,364 shares of the company’s stock, valued at $553,002.32. This trade represents a 297.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the transaction, the chief executive officer directly owned 59,063 shares of the company’s stock, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 16,818 shares of company stock worth $686,724 over the last three months. Insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Several large investors have recently modified their holdings of OXM. Charles Schwab Investment Management Inc. increased its position in Oxford Industries by 9.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker’s stock worth $39,596,000 after acquiring an additional 56,235 shares during the period. Wellington Management Group LLP increased its position in Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after acquiring an additional 27,198 shares during the period. American Century Companies Inc. increased its position in Oxford Industries by 6.2% during the second quarter. American Century Companies Inc. now owns 561,236 shares of the textile maker’s stock worth $22,590,000 after acquiring an additional 32,693 shares during the period. Bank of America Corp DE increased its position in Oxford Industries by 3.3% during the second quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock worth $17,804,000 after acquiring an additional 14,103 shares during the period. Finally, 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 acquiring an additional 170,208 shares during the period. 91.16% of the stock is owned by institutional investors.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.