Telsey Advisory Group Cuts Oxford Industries (NYSE:OXM) Price Target to $86.00

Oxford Industries (NYSE:OXM) had its target price cut by investment analysts at Telsey Advisory Group from $110.00 to $86.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 2.85% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. UBS Group lowered their price target on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Citigroup decreased their price objective on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research report on Thursday, June 13th. One research 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $95.80.

Oxford Industries Stock Performance

Oxford Industries stock opened at $83.62 on Thursday. The business has a 50 day moving average of $93.28 and a 200-day moving average of $101.07. The company has a market capitalization of $1.31 billion, a P/E ratio of 33.85 and a beta of 1.53. Oxford Industries has a 1 year low of $80.83 and a 1 year high of $113.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). The business had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.45 earnings per share. On average, equities research analysts predict that Oxford Industries will post 8.8 earnings per share for the current year.

Insider Transactions at Oxford Industries

In related news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now owns 24,865 shares in the company, valued at approximately $2,484,262.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

Several large investors have recently made changes to their positions in OXM. Vanguard Group Inc. grew its stake in Oxford Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares during the period. Dimensional Fund Advisors LP grew its position in Oxford Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock valued at $73,507,000 after purchasing an additional 5,767 shares during the period. Pacer Advisors Inc. bought a new stake in Oxford Industries during the 2nd quarter valued at $54,882,000. Victory Capital Management Inc. raised its holdings in Oxford Industries by 21.7% during the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after buying an additional 88,345 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after buying an additional 29,493 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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; and 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.