Oxford Industries (NYSE:OXM) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Oxford Industries (NYSE:OXM) had its price target lifted by investment analysts at Telsey Advisory Group from $36.00 to $51.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target suggests a potential upside of 12.10% from the company’s previous close.

A number of other equities analysts have also weighed in on OXM. Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Citigroup lifted their price target on shares of Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Truist Financial decreased their price target on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Finally, UBS Group dropped their price objective on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $38.00.

Oxford Industries Stock Performance

Shares of OXM opened at $45.50 on Wednesday. Oxford Industries has a one year low of $30.57 and a one year high of $60.31. The company has a market cap of $677.42 million, a PE ratio of -23.45 and a beta of 1.00. The stock has a 50-day moving average of $39.16 and a 200-day moving average of $38.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The firm had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. On average, equities research analysts predict that Oxford Industries will post 2.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Oxford Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Oxford Industries by 33.9% during the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after acquiring an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after acquiring an additional 387 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Oxford Industries by 311.9% in the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after purchasing an additional 222,150 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Oxford Industries by 22.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock valued at $1,755,000 after purchasing an additional 5,577 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Oxford Industries during the second quarter valued at about $369,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.