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

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 - Get Free Report) had its price objective upped by analysts at Truist Financial from $47.00 to $50.00 in a report released on Thursday,Benzinga reports. The firm currently has a "hold" rating on the textile maker's stock. Truist Financial's target price would suggest a potential downside of 0.73% from the stock's previous close.

OXM has been the subject of a number of other reports. Zacks Research upgraded 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 objective on shares of Oxford Industries in a research report on Thursday. Citigroup cut their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a report on Thursday, June 12th. Finally, UBS Group cut their price objective on Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Oxford Industries presently has a consensus rating of "Reduce" and an average target price of $54.40.

Oxford Industries Price Performance

Shares of NYSE OXM traded up $9.96 during midday trading on Thursday, reaching $50.37. 733,190 shares of the company traded hands, compared to its average volume of 438,153. The firm has a market cap of $752.47 million, a PE ratio of 9.83 and a beta of 1.36. The stock's 50-day simple moving average is $43.09 and its 200-day simple moving average is $49.58. Oxford Industries has a 12 month low of $36.25 and a 12 month high of $89.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.32.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 10th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $403.10 million during the quarter, compared to analysts' expectations of $406.14 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The business's revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $2.77 earnings per share. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS. As a group, equities analysts anticipate that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oxford Industries news, CEO Robert S. Trauber bought 10,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Caldecot Chubb III bought 6,500 shares of Oxford Industries stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average price of $40.12 per share, with a total value of $260,780.00. Following the completion of the transaction, the chief executive officer owned 59,063 shares of the company's stock, valued at $2,369,607.56. This represents a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 16,818 shares of company stock valued at $686,724 over the last three months. Company insiders own 6.00% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Oxford Industries by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,024 shares of the textile maker's stock valued at $709,000 after buying an additional 1,358 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in shares of Oxford Industries by 37.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 288,300 shares of the textile maker's stock valued at $16,915,000 after purchasing an additional 79,000 shares during the period. SG Americas Securities LLC lifted its holdings in Oxford Industries by 307.0% during the first 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 during the period. Envestnet Asset Management Inc. increased its position in shares of Oxford Industries by 12.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker's stock valued at $5,651,000 after acquiring an additional 10,547 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Oxford Industries in the 1st quarter valued at $4,775,000. 91.16% of the stock is currently owned by hedge funds and other 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.

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