Oxford Industries (NYSE:OXM) Price Target Cut to $65.00 by Analysts at Citigroup

Oxford Industries (NYSE:OXM) had its price objective lowered by stock analysts at Citigroup from $92.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “sell” rating on the textile maker’s stock. Citigroup’s target price indicates a potential downside of 23.66% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Telsey Advisory Group reduced their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a report on Thursday. UBS Group dropped their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.40.

Oxford Industries Price Performance

Shares of Oxford Industries stock opened at $85.15 on Friday. The business has a 50 day simple moving average of $92.74 and a two-hundred day simple moving average of $100.83. Oxford Industries has a 12 month low of $74.95 and a 12 month high of $113.88. The stock has a market capitalization of $1.34 billion, a P/E ratio of 34.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 22.19%. The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. During the same period in the previous year, the company earned $3.45 EPS. Oxford Industries’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Oxford Industries will post 8.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OXM. 1620 Investment Advisors Inc. purchased a new position in Oxford Industries in the second quarter worth approximately $28,000. Quest Partners LLC purchased a new position in Oxford Industries in the fourth quarter worth approximately $36,000. Quarry LP grew its position in Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after acquiring an additional 465 shares during the period. Natixis purchased a new position in Oxford Industries in the first quarter worth approximately $109,000. Finally, SG Americas Securities LLC purchased a new position in Oxford Industries in the first quarter worth approximately $137,000. 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.