Telsey Advisory Group Reiterates Market Perform Rating for Oxford Industries (NYSE:OXM)

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $40.00 target price on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 17.50% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Citigroup lowered their price target on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. UBS Group reduced their price objective 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. Finally, Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Oxford Industries has a consensus rating of “Reduce” and an average target price of $36.50.

Oxford Industries Stock Performance

OXM stock opened at $34.04 on Friday. Oxford Industries has a twelve month low of $30.57 and a twelve month high of $64.39. The company has a quick ratio of 0.62, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $506.54 million, a P/E ratio of -103.15 and a beta of 1.05. The business’s fifty day moving average is $38.38 and its 200-day moving average is $38.53.

Institutional Investors Weigh In On Oxford Industries

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oxford Industries by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock valued at $25,813,000 after purchasing an additional 45,535 shares in the last quarter. American Century Companies Inc. increased its stake in Oxford Industries by 6.0% during the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Oxford Industries by 7.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock worth $19,115,000 after purchasing an additional 32,226 shares in the last quarter. Bank of America Corp DE raised its holdings in Oxford Industries by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock worth $17,804,000 after buying an additional 14,103 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Oxford Industries by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 337,738 shares of the textile maker’s stock valued at $11,552,000 after buying an additional 944 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

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.