Oxford Industries (NYSE:OXM) Stock Rating Reaffirmed by Telsey Advisory Group

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They presently have a $110.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price objective points to a potential upside of 4.02% from the company’s current price.

Other research analysts have also issued reports about the stock. Citigroup lowered shares of Oxford Industries from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $98.00 to $94.00 in a research report on Monday, April 1st. UBS Group lowered 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Oxford Industries currently has an average rating of “Hold” and a consensus target price of $103.60.

Oxford Industries Trading Down 1.4 %

Shares of Oxford Industries stock opened at $105.75 on Wednesday. Oxford Industries has a 52-week low of $82.33 and a 52-week high of $113.88. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The company’s 50-day simple moving average is $105.03 and its 200-day simple moving average is $98.16. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 28.66 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The firm had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. During the same quarter last year, the firm earned $2.28 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Oxford Industries will post 9.47 earnings per share for the current year.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the sale, the chief executive officer now owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.00% of the company’s stock.

Institutional Trading of Oxford Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Precedent Wealth Partners LLC lifted its holdings in shares of Oxford Industries by 41.4% in the first quarter. Precedent Wealth Partners LLC now owns 3,342 shares of the textile maker’s stock valued at $376,000 after purchasing an additional 979 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Oxford Industries during the first quarter valued at approximately $735,000. Hennessy Advisors Inc. lifted its stake in shares of Oxford Industries by 44.2% during the first quarter. Hennessy Advisors Inc. now owns 40,100 shares of the textile maker’s stock valued at $4,507,000 after buying an additional 12,300 shares during the period. BTC Capital Management Inc. purchased a new position in shares of Oxford Industries during the first quarter valued at approximately $351,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Oxford Industries by 109.6% during the fourth quarter. Quadrature Capital Ltd now owns 10,535 shares of the textile maker’s stock valued at $1,054,000 after buying an additional 5,509 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.