KeyCorp Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its price target lowered by equities researchers at KeyCorp from $95.00 to $80.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price objective would indicate a potential upside of 32.71% from the company’s current price.

OXM has been the subject of several other reports. UBS Group lowered their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Stock Up 6.2 %

Shares of OXM opened at $60.28 on Tuesday. Oxford Industries has a 12-month low of $54.02 and a 12-month high of $113.88. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $74.22 and its 200 day moving average price is $78.13. The firm has a market cap of $946.49 million, a P/E ratio of 67.73 and a beta of 1.61.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. This trade represents a 42.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Oxford Industries

Several hedge funds have recently made changes to their positions in OXM. Royce & Associates LP raised its position in Oxford Industries by 26.1% in the third quarter. Royce & Associates LP now owns 37,130 shares of the textile maker’s stock worth $3,221,000 after acquiring an additional 7,689 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Oxford Industries during the third quarter worth $502,000. Charles Schwab Investment Management Inc. grew its holdings in Oxford Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock valued at $49,300,000 after purchasing an additional 25,619 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after buying an additional 2,167 shares in the last quarter. 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.