Oxford Industries (NYSE:OXM) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Oxford Industries (NYSE:OXM) in a report released on Friday,Benzinga reports. The brokerage currently has a $40.00 price target on the textile maker’s stock.

OXM has been the topic of a number of other reports. UBS Group dropped their target price on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial set a $38.00 price target on Oxford Industries in a research report on Wednesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. Finally, Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Oxford Industries has an average rating of “Reduce” and a consensus target price of $36.50.

Oxford Industries Price Performance

Shares of OXM opened at $34.30 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $38.34 and its 200 day simple moving average is $38.46. Oxford Industries has a 1-year low of $30.57 and a 1-year high of $64.39. The company has a market cap of $510.32 million, a price-to-earnings ratio of -103.92 and a beta of 1.05.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management increased its stake in Oxford Industries by 1,769.2% in the third quarter. LSV Asset Management now owns 48,600 shares of the textile maker’s stock valued at $1,970,000 after acquiring an additional 46,000 shares during the last quarter. Allianz Asset Management GmbH raised its position in Oxford Industries by 122.9% during the third quarter. Allianz Asset Management GmbH now owns 122,599 shares of the textile maker’s stock valued at $4,970,000 after purchasing an additional 67,598 shares in the last quarter. American Century Companies Inc. lifted its stake in Oxford Industries by 6.0% during the third quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock worth $24,126,000 after purchasing an additional 33,871 shares during the last quarter. CenterBook Partners LP lifted its stake in Oxford Industries by 226.6% during the second quarter. CenterBook Partners LP now owns 81,236 shares of the textile maker’s stock worth $3,270,000 after purchasing an additional 56,360 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Oxford Industries in the 3rd quarter valued at $4,196,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.