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 stock analysts at Telsey Advisory Group in a report issued on Monday, March 25th, MarketBeat.com reports. They currently have a $110.00 price target on the textile maker’s stock, up from their previous price target of $102.00. Telsey Advisory Group’s price target indicates a potential downside of 2.14% from the company’s previous close.

Separately, UBS Group boosted their price target on shares of Oxford Industries from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.40.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $112.40 on Monday. Oxford Industries has a one year low of $82.33 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.63 and a current ratio of 1.37. The firm has a fifty day moving average of $101.70 and a 200 day moving average of $96.82. The firm has a market cap of $1.76 billion, a PE ratio of 30.46 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.08% and a net margin of 3.86%. The business had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. During the same period last year, the firm earned $2.28 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts predict that Oxford Industries will post 10.28 EPS for the current fiscal year.

Institutional Trading of Oxford Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its stake in Oxford Industries by 2.9% during the first quarter. Mercer Global Advisors Inc. ADV now owns 3,702 shares of the textile maker’s stock worth $391,000 after purchasing an additional 105 shares during the period. BTC Capital Management Inc. increased its stake in shares of Oxford Industries by 4.1% during the third quarter. BTC Capital Management Inc. now owns 2,787 shares of the textile maker’s stock worth $268,000 after buying an additional 109 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Oxford Industries by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock worth $702,000 after buying an additional 109 shares during the period. Comerica Bank increased its stake in shares of Oxford Industries by 0.5% during the fourth quarter. Comerica Bank now owns 22,843 shares of the textile maker’s stock worth $2,284,000 after buying an additional 115 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Oxford Industries by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,108 shares of the textile maker’s stock worth $601,000 after buying an additional 149 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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.