Telsey Advisory Group Trims Oxford Industries (NYSE:OXM) Target Price to $102.00

by · The Cerbat Gem

Oxford Industries (NYSE:OXM – Free Report) had its price objective decreased by Telsey Advisory Group from $107.00 to $102.00 in a report published on Thursday, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for Oxford Industries’ Q4 2024 earnings at $1.93 EPS, FY2024 earnings at $10.21 EPS, Q1 2025 earnings at $3.93 EPS, Q2 2025 earnings at $3.54 EPS, Q3 2025 earnings at $1.13 EPS and FY2025 earnings at $10.72 EPS.

OXM has been the topic of several other reports. Citigroup lowered their price target on shares of Oxford Industries from $101.00 to $98.00 in a research note on Friday, September 1st. UBS Group lowered their price objective on shares of Oxford Industries from $110.00 to $108.00 and set a neutral rating on the stock in a research note on Wednesday, August 23rd. KeyCorp lowered their price objective on shares of Oxford Industries from $130.00 to $120.00 and set an overweight rating on the stock in a research note on Wednesday, October 25th. StockNews.com lowered shares of Oxford Industries from a buy rating to a hold rating in a research note on Monday, November 6th. Finally, B. Riley restated a neutral rating and set a $90.00 price objective on shares of Oxford Industries in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $103.60.

Read Our Latest Stock Analysis on Oxford Industries

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $93.18 on Thursday. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $123.37. The firm has a market cap of $1.46 billion, a P/E ratio of 9.77 and a beta of 1.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $90.88 and a 200 day simple moving average of $97.51.

Oxford Industries (NYSE:OXM – Get Free Report) last announced its quarterly earnings results on Wednesday, December 6th. The textile maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The company had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.54 million. Oxford Industries had a net margin of 9.86% and a return on equity of 27.89%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. Sell-side analysts predict that Oxford Industries will post 10.18 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 27.25%.

Hedge Funds Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC bought a new position in Oxford Industries in the 1st quarter worth $757,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Oxford Industries in the 4th quarter worth about $25,000. Quarry LP grew its position in shares of Oxford Industries by 602.0% in the 2nd quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after buying an additional 307 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Oxford Industries during the 4th quarter valued at about $35,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Oxford Industries during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 87.89% 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; 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; and men, women, and kids products under the Southern Tide brand.

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