Oxford Industries (NYSE:OXM) Price Target Raised to $110.00 at Telsey Advisory Group

Oxford Industries (NYSE:OXM - Get Free Report) had its target price hoisted by equities researchers at Telsey Advisory Group from $102.00 to $110.00 in a note issued to investors 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 points to a potential upside of 1.57% from the stock's previous close.

Other research analysts have also issued research reports about the company. UBS Group upped their price target on Oxford Industries from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. Citigroup lowered Oxford Industries from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $98.00 to $94.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $103.60.

Oxford Industries Price Performance

NYSE:OXM traded down $4.10 during trading hours on Monday, hitting $108.30. 835,101 shares of the company's stock traded hands, compared to its average volume of 184,924. The business's fifty day simple moving average is $101.70 and its two-hundred day simple moving average is $96.82. 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 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.69 billion, a P/E ratio of 29.40 and a beta of 1.60.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $404.43 million during the quarter, compared to analysts' expectations of $408.28 million. Oxford Industries had a return on equity of 26.08% and a net margin of 3.86%. Oxford Industries's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. On average, research analysts anticipate that Oxford Industries will post 10.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently modified their holdings of OXM. Steward Partners Investment Advisory LLC purchased a new position in shares of Oxford Industries in the 4th quarter worth $25,000. Quarry LP raised its holdings in Oxford Industries by 602.0% in the 2nd quarter. Quarry LP now owns 358 shares of the textile maker's stock worth $35,000 after purchasing an additional 307 shares during the period. Coppell Advisory Solutions Corp. bought a new position in Oxford Industries in the 4th quarter worth $35,000. Quest Partners LLC bought a new position in Oxford Industries in the 4th quarter worth $36,000. Finally, Milestone Investment Advisors LLC bought a new position in Oxford Industries in the 3rd quarter worth $38,000. 91.16% of the stock is currently 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.