Oxford Industries (NYSE:OXM) Earns “Market Perform” Rating from Telsey Advisory Group

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $40.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 16.63% from the stock’s previous close.

A number of other analysts have also issued reports on OXM. Weiss Ratings reissued a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Truist Financial set a $38.00 target price on shares of Oxford Industries in a research report on Wednesday, January 14th. Zacks Research raised shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, UBS Group cut their price target 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. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $36.50.

Oxford Industries Price Performance

OXM stock opened at $34.30 on Friday. The firm has a market capitalization of $510.32 million, a P/E ratio of -103.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.62. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $64.39. The business’s 50-day moving average is $38.34 and its two-hundred day moving average is $38.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OXM. Invesco Ltd. raised its stake in shares of Oxford Industries by 55.4% during the fourth quarter. Invesco Ltd. now owns 170,070 shares of the textile maker’s stock valued at $5,816,000 after purchasing an additional 60,618 shares during the period. XTX Topco Ltd boosted its stake in shares of Oxford Industries by 130.3% in the fourth quarter. XTX Topco Ltd now owns 48,730 shares of the textile maker’s stock valued at $1,667,000 after purchasing an additional 27,569 shares during the period. Wellington Management Group LLP grew its holdings in Oxford Industries by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 292,956 shares of the textile maker’s stock valued at $10,019,000 after purchasing an additional 47,274 shares in the last quarter. SummitTX Capital L.P. increased its stake in Oxford Industries by 52.6% during the 4th quarter. SummitTX Capital L.P. now owns 8,440 shares of the textile maker’s stock worth $289,000 after buying an additional 2,908 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Oxford Industries during the 4th quarter worth $203,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Oxford Industries

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.