Oxford Industries (NYSE:OXM) Price Target Cut to $35.00 by Analysts at UBS Group

Oxford Industries (NYSE:OXM) had its price objective trimmed by UBS Group from $36.00 to $35.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

A number of other equities research analysts have also commented on OXM. Citigroup reduced their price target on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Truist Financial set a $38.00 price objective on shares of Oxford Industries in a research report on Wednesday, January 14th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a research report 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.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.50.

Oxford Industries Price Performance

OXM stock opened at $34.04 on Thursday. Oxford Industries has a 12 month low of $30.57 and a 12 month high of $64.39. The firm has a market cap of $506.54 million, a P/E ratio of -103.15 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $38.38 and its two-hundred day moving average price is $38.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXM. AQR Capital Management LLC increased its holdings in shares of Oxford Industries by 33.9% during the first quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after acquiring an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock valued at $517,000 after purchasing an additional 387 shares during the period. Millennium Management LLC grew its position in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after purchasing an additional 222,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Oxford Industries by 22.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock valued at $1,755,000 after purchasing an additional 5,577 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Oxford Industries by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 230,077 shares of the textile maker’s stock valued at $9,261,000 after purchasing an additional 4,439 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

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.