Oxford Industries (NYSE:OXM) Stock Rating Reaffirmed by Telsey Advisory Group

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $110.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 4.02% from the company’s current price.

OXM has been the topic of several other reports. Citigroup downgraded shares of Oxford Industries from a “neutral” rating to a “sell” rating and cut their price objective for the company from $98.00 to $94.00 in a research report on Monday, April 1st. UBS Group cut their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $103.60.

Oxford Industries Trading Down 1.4 %

Oxford Industries stock opened at $105.75 on Wednesday. The firm’s 50-day moving average is $105.03 and its 200-day moving average is $98.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a market cap of $1.65 billion, a P/E ratio of 28.66 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). The business had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. On average, equities analysts expect that Oxford Industries will post 9.47 earnings per share for the current year.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the transaction, the chief executive officer now owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Several large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its stake in Oxford Industries by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock valued at $702,000 after buying an additional 109 shares during the period. Swiss National Bank grew its stake in shares of Oxford Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 34,600 shares of the textile maker’s stock worth $3,326,000 after purchasing an additional 200 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Oxford Industries by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the textile maker’s stock worth $383,000 after purchasing an additional 207 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Oxford Industries by 12.0% in the 4th quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock worth $295,000 after purchasing an additional 315 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

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; 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.