Silvercrest Asset Management Grou recently announced the acquisition of new stake in Oxford Industries Inc. (NYSE:OXM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 13.79% to 0.77 million shares with purchase of 93486.0 shares. This fresh investment now brings its stake to 4.89% valued currently at $71.87 million. In addition, Dimensional Fund Advisors LP raised its holdings by 7571.0 to 0.69 million shares. And Fuller & Thaler Asset Management, has lifted its position by 265.45% or 0.31 million shares – to 0.42 million shares.
With over 0.12 million Oxford Industries Inc. (OXM) shares trading Monday and a closing price of $111.05 on the day, the dollar volume was approximately $12.93 million. The shares have shown a positive half year performance of 18.25% and its price on 01/23/23 gained nearly 1.53%. Currently, there are 15.74M common shares owned by the public and among those 14.95M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for OXM have a consensus price objective of $123.75. The analysts have set the share’s price value over the next 12 months at a high of $135.00 and a low of $110.00. The average price target is 10.26% above its recent price level and a downside to the estimated low will see the stock lose -0.95% over that period. But an upside of 17.74% will see the stock hit the forecast high price target while median target price for the stock is $125.00.
Insiders at the company have transacted a total of 45 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 77,131 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 95,016 shares.
The top 3 mutual fund holders in Oxford Industries Inc. are iShares Core S&P Small Cap ETF, Invesco Discovery Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 1.11 million shares of the company’s stock, all valued at over $103.13 million. The company sold 808.0 shares recently to bring their total holdings to about 7.02% of the shares outstanding. Invesco Discovery Fund sold 24979.0 shares to see its total holdings shrink to 0.53 million shares valued at over $49.29 million and representing 3.36% of the shares outstanding. Vanguard Total Stock Market Index bought 906.0 shares to bring its total holdings to over 0.46 million shares at a value of $42.71 million. Vanguard Total Stock Market Index now owns shares totaling to 2.91% of the shares outstanding.
Shares of Oxford Industries Inc. (NYSE: OXM) opened at $109.00, down -$0.38 from a prior closing price of $109.38. However, the script later moved the day high at 111.67, up 1.53%. The company’s stock has a 5-day price change of 3.63% and 22.73% over the past three months. OXM shares are trading 19.18% year to date (YTD), with the 12-month market performance up to 25.55% higher. It has a 12-month low price of $76.21 and touched a high of $119.50 over the same period. OXM has an average intraday trading volume of 172.43K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.02%, 7.05%, and 15.58% respectively.
Institutional ownership of Oxford Industries Inc. (NYSE: OXM) shares accounts for 98.16% of the company’s 15.74M shares outstanding. Mutual fund holders own 39.24%, while other institutional holders and individual stakeholders account for 56.27% and 15.59% respectively.
It has a market capitalization of $1.69B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 11.50, while the earnings-per-share (ttm) stands at $9.66. The company has a PEG of 1.15 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.55% over the week and 2.97% over the month.
Analysts forecast that Oxford Industries Inc. (OXM) will achieve an EPS of $1.22 for the current quarter, $2.1 for the next quarter and $11.56 for 2024. The lowest estimate earnings-per-share for the quarter is $1.15 while analysts give the company a high EPS estimate of $1.32. Comparatively, EPS for the current quarter was $1.19 a year ago. Earnings per share for the fiscal year are expected to increase by 234.80%, and 10.03% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 18.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Oxford Industries Inc. (OXM) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OXM, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on September 21, 2022, with the firm’s price target at $92-$105. Piper Sandler coverage for the Oxford Industries Inc. (OXM) stock in a research note released on July 22, 2022 offered a Overweight rating with a price target of $110. KeyBanc Capital Markets was of a view on July 21, 2022 that the stock is Overweight, while Truist gave the stock Buy rating on April 07, 2022, issuing a price target of $126. Citigroup on their part issued Sell rating on January 28, 2022.