Oxford Industries (NYSE:OXM) Given Market Perform Rating at Telsey Advisory Group

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $110.00 price target on the textile maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 2.06% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. UBS Group decreased their target price on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Citigroup cut shares of Oxford Industries from a “neutral” rating to a “sell” rating and decreased their target price for the company from $98.00 to $94.00 in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.60.

Oxford Industries Stock Up 3.8 %

OXM opened at $107.78 on Wednesday. The firm has a 50-day simple moving average of $104.74 and a two-hundred day simple moving average of $98.04. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88. The company has a market capitalization of $1.68 billion, a PE ratio of 29.21 and a beta of 1.60. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.02). The company had revenue of $404.43 million for the quarter, compared to the consensus estimate of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.28 EPS. Analysts forecast that Oxford Industries will post 9.47 earnings per share for the current fiscal year.

Insider Transactions at Oxford Industries

In other news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the transaction, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Institutional investors have recently modified their holdings of the stock. Moody Aldrich Partners LLC purchased a new position in shares of Oxford Industries during the fourth quarter worth approximately $2,280,000. American Century Companies Inc. increased its holdings in Oxford Industries by 15.2% during the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker’s stock valued at $19,287,000 after buying an additional 26,532 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in Oxford Industries by 2.2% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 133,920 shares of the textile maker’s stock valued at $12,874,000 after buying an additional 2,920 shares during the period. Earnest Partners LLC increased its holdings in Oxford Industries by 31.0% during the third quarter. Earnest Partners LLC now owns 120,176 shares of the textile maker’s stock valued at $11,553,000 after buying an additional 28,452 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new position in Oxford Industries during the third quarter valued at approximately $868,000. 91.16% of the stock is 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.