Telsey Advisory Group Lowers Oxford Industries (NYSE:OXM) Price Target to $68.00

Oxford Industries (NYSE:OXM) had its price objective cut by research analysts at Telsey Advisory Group from $86.00 to $68.00 in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 13.04% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group dropped their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. KeyCorp dropped their target price on Oxford Industries from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th.

Oxford Industries Trading Down 1.6 %

NYSE:OXM opened at $60.16 on Monday. The firm has a market capitalization of $944.53 million, a PE ratio of 67.59 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. Oxford Industries has a 12 month low of $54.02 and a 12 month high of $113.88. The business’s 50-day moving average is $72.26 and its two-hundred day moving average is $77.41.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares in the company, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OXM. Quadrant Capital Group LLC lifted its stake in Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter valued at about $63,000. Vestcor Inc bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $100,000. Finally, Advisors Asset Management Inc. raised its stake 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 acquiring an additional 1,083 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

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.