Citigroup Cuts Oxford Industries (NYSE:OXM) Price Target to $33.00

by · The Cerbat Gem

Oxford Industries (NYSE:OXM – Get Free Report) had its price objective dropped by research analysts at Citigroup from $35.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. Citigroup’s price target indicates a potential downside of 5.35% from the company’s current price.

A number of other brokerages also recently issued reports on OXM. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday. Truist Financial dropped their price target on Oxford Industries from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Telsey Advisory Group lowered their target price on shares of Oxford Industries from $52.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $43.60.

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Oxford Industries Price Performance

Shares of OXM traded up $3.01 during midday trading on Friday, hitting $34.87. 1,032,405 shares of the company traded hands, compared to its average volume of 448,648. Oxford Industries has a one year low of $30.57 and a one year high of $89.86. The firm has a market cap of $518.47 million, a P/E ratio of -105.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.18 and a quick ratio of 0.51. The stock has a 50-day moving average of $37.49 and a 200-day moving average of $41.95.

Oxford Industries (NYSE:OXM – Get Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The textile maker reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.03. The company had revenue of $307.34 million during the quarter, compared to analysts’ expectations of $304.42 million. Oxford Industries had a negative net margin of 0.20% and a positive return on equity of 9.05%. Oxford Industries’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) earnings per share. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. As a group, sell-side analysts predict that Oxford Industries will post 6.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Oxford Industries

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Oxford Industries by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker’s stock valued at $195,000 after buying an additional 185 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Oxford Industries by 6.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,169 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 241 shares during the last quarter. Cerity Partners LLC boosted its holdings in Oxford Industries by 3.0% during the 2nd quarter. Cerity Partners LLC now owns 9,914 shares of the textile maker’s stock valued at $399,000 after acquiring an additional 286 shares during the period. CWM LLC boosted its holdings in Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 305 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Oxford Industries by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,094 shares of the textile maker’s stock worth $531,000 after acquiring an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

(Get Free Report)

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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