Truist Financial Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM - Get Free Report) had its target price cut by stock analysts at Truist Financial from $56.00 to $47.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the textile maker's stock. Truist Financial's price objective suggests a potential upside of 8.97% from the company's previous close.

A number of other analysts have also recently weighed in on OXM. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research report on Thursday. UBS Group increased their target price on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Citigroup cut their target price on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $55.80.

Oxford Industries Stock Performance

Shares of NYSE OXM traded down $6.90 during trading hours on Thursday, reaching $43.13. The stock had a trading volume of 1,720,325 shares, compared to its average volume of 385,166. Oxford Industries has a fifty-two week low of $42.12 and a fifty-two week high of $108.51. The firm has a 50-day moving average of $51.85 and a 200-day moving average of $66.40. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm has a market cap of $641.13 million, a price-to-earnings ratio of 48.46 and a beta of 1.45.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same period last year, the firm earned $2.66 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts predict that Oxford Industries will post 6.62 earnings per share for the current year.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now directly owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.00% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after purchasing an additional 373 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Oxford Industries in the 4th quarter valued at approximately $63,000. Vestcor Inc purchased a new position in Oxford Industries in the 4th quarter valued at approximately $100,000. State of Wyoming increased its stake in Oxford Industries by 159.4% in the 1st quarter. State of Wyoming now owns 2,511 shares of the textile maker's stock valued at $147,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after purchasing an additional 326 shares in the last quarter. 91.16% of the stock is 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.