Truist Financial Issues Positive Forecast for Oxford Industries (NYSE:OXM) Stock Price

Key Points

• Truist Financial has raised its price target for Oxford Industries from $47.00 to $50.00, maintaining a "hold" rating, which suggests a potential downside of 0.73% from the stock's previous close.
• The company reported a quarterly earnings per share of $1.26, surpassing analyst expectations, although revenue was down 4.0% year-over-year.
• Insider transactions included CEO Robert S. Trauber purchasing 10,000 shares, indicating confidence in the company's prospects amid fluctuating analyst ratings.

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

OXM has been the subject of several other research reports. Citigroup reduced 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 report on Thursday, June 12th. Telsey Advisory Group restated a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research report on Thursday, September 11th. UBS Group reduced 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 report on Wednesday, August 27th. Finally, Zacks Research raised shares of Oxford Industries to a "hold" rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $54.40.

Oxford Industries Price Performance

Shares of Oxford Industries stock traded down $0.49 during trading hours on Thursday, reaching $46.29. The stock had a trading volume of 146,368 shares, compared to its average volume of 448,459. Oxford Industries has a twelve month low of $36.25 and a twelve month high of $89.86. The company has a current ratio of 1.18, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average is $43.42 and its 200 day moving average is $48.98. The firm has a market capitalization of $688.38 million, a PE ratio of 12.58 and a beta of 1.36.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Wednesday, September 10th. The textile maker reported $1.26 earnings per share 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 firm had revenue of $403.10 million during the quarter, compared to the consensus estimate of $406.14 million. During the same quarter in the prior year, the firm earned $2.77 EPS. The company's revenue for the quarter 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. Equities analysts expect that Oxford Industries will post 6.62 earnings per share 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. Investors of record on Friday, October 17th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.0%. Oxford Industries's dividend payout ratio (DPR) is presently 74.59%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, CEO Robert S. Trauber bought 10,000 shares of Oxford Industries stock in a transaction on Wednesday, June 18th. The shares were bought at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the acquisition, the chief executive officer directly owned 13,364 shares in the company, valued at $553,002.32. This represents a 297.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Oxford Industries by 12.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,024 shares of the textile maker's stock worth $709,000 after buying an additional 1,358 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Oxford Industries by 37.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 288,300 shares of the textile maker's stock worth $16,915,000 after buying an additional 79,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Oxford Industries by 307.0% during the 1st quarter. SG Americas Securities LLC now owns 14,468 shares of the textile maker's stock worth $849,000 after buying an additional 10,913 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Oxford Industries by 12.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker's stock worth $5,651,000 after buying an additional 10,547 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Oxford Industries during the 1st quarter worth approximately $4,775,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.