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

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $86.00 target price on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 6.25% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. UBS Group dropped their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th.

Oxford Industries Stock Down 2.8 %

OXM opened at $80.94 on Wednesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 44.47 and a beta of 1.56. The business’s 50 day moving average is $78.19 and its two-hundred day moving average is $89.81. Oxford Industries has a 52 week low of $72.24 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The firm had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. During the same quarter in the previous year, the firm posted $3.45 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts expect that Oxford Industries will post 7.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OXM. 1620 Investment Advisors Inc. bought a new stake in Oxford Industries in the second quarter valued at approximately $28,000. Quarry LP raised its position in Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after buying an additional 465 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $206,000. Finally, Verity Asset Management Inc. purchased a new stake in Oxford Industries in the 3rd quarter worth about $233,000. Institutional investors and hedge funds 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; 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.