Telsey Advisory Group Issues Positive Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its price target increased by Telsey Advisory Group from $36.00 to $51.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 9.77% from the company’s previous close.

OXM has been the subject of several other reports. Citigroup upped their target price on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. UBS Group lowered their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Truist Financial lowered their target price on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Finally, Zacks Research lowered Oxford Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $38.00.

Oxford Industries Trading Up 2.3%

NYSE:OXM opened at $46.46 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $60.31. The firm has a market cap of $691.65 million, a P/E ratio of -23.95 and a beta of 1.00. The stock’s 50 day simple moving average is $38.89 and its 200-day simple moving average is $37.89.

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). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same quarter last year, the firm earned $1.37 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Oxford Industries will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OXM. Millennium Management LLC lifted its holdings in shares of Oxford Industries by 1,374.3% in the 4th quarter. Millennium Management LLC now owns 326,607 shares of the textile maker’s stock worth $11,170,000 after purchasing an additional 304,454 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Oxford Industries during the 2nd quarter valued at $7,195,000. Two Sigma Investments LP grew its holdings in shares of Oxford Industries by 394.9% in the 3rd quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock worth $7,773,000 after acquiring an additional 152,995 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Oxford Industries by 569.6% in the third quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock worth $7,067,000 after buying an additional 148,283 shares during the period. Finally, Dupree Financial Group LLC acquired a new stake in Oxford Industries during the fourth quarter valued at $4,493,000. 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.