Citigroup Issues Pessimistic Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its price target cut by equities researchers at Citigroup from $35.00 to $33.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup’s price objective would suggest a potential downside of 5.35% from the stock’s previous close.

Several other equities research analysts have also weighed in on OXM. Truist Financial lowered their price objective on Oxford Industries from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. UBS Group dropped their target price on shares of Oxford Industries from $47.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, October 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Thursday. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $43.60.

Oxford Industries Stock Performance

NYSE:OXM opened at $34.87 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.51. Oxford Industries has a 1-year low of $30.57 and a 1-year high of $89.86. The firm has a 50-day moving average of $37.37 and a two-hundred day moving average of $41.73. The stock has a market cap of $518.47 million, a P/E ratio of -105.65 and a beta of 1.11.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, December 10th. The textile maker reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.03. Oxford Industries had a negative net margin of 0.20% and a positive return on equity of 9.35%. The firm had revenue of $307.34 million for the quarter, compared to analysts’ expectations of $304.42 million. During the same quarter last year, the company earned ($0.11) EPS. Oxford Industries’s quarterly revenue was down .2% on a year-over-year basis. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. On average, research analysts expect that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Thomas Caldecot Chubb III bought 5,000 shares of the stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of $35.12 per share, with a total value of $175,600.00. Following the completion of the transaction, the chief executive officer directly owned 22,709 shares of the company’s stock, valued at $797,540.08. This trade represents a 28.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its stake in Oxford Industries by 245.9% in 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 grew 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 purchasing an additional 305 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Oxford Industries in the second quarter valued at $34,000. Quarry LP purchased a new stake in Oxford Industries in the 3rd quarter worth $38,000. Finally, Blue Trust Inc. increased its position in shares of Oxford Industries by 124.8% during the second quarter. Blue Trust Inc. now owns 1,448 shares of the textile maker’s stock worth $58,000 after purchasing an additional 804 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Company Profile

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.