Oxford Industries (NYSE:OXM) Price Target Lowered to $52.00 at Telsey Advisory Group

Oxford Industries (NYSE:OXM - Get Free Report) had its target price dropped by investment analysts at Telsey Advisory Group from $64.00 to $52.00 in a research note issued to investors on Wednesday, Marketbeat.com 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 4.46% from the company's previous close.

OXM has been the topic of a number of other reports. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. UBS Group cut their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Finally, Citigroup dropped their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research note on Monday, April 7th.

Oxford Industries Stock Down 4.1 %

OXM stock traded down $2.13 during midday trading on Wednesday, hitting $49.78. The stock had a trading volume of 210,806 shares, compared to its average volume of 361,512. The business has a 50-day moving average of $57.32 and a two-hundred day moving average of $71.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market cap of $739.98 million, a price-to-earnings ratio of 55.84 and a beta of 1.40. Oxford Industries has a 52-week low of $42.12 and a 52-week high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same period last year, the business earned $1.90 EPS. Oxford Industries's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities research analysts forecast that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Insider Activity at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the purchase, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. This represents a 16.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by insiders.

Institutional Trading of Oxford Industries

Several hedge funds have recently bought and sold shares of OXM. Barclays PLC increased its position in shares of Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock valued at $4,208,000 after purchasing an additional 20,620 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new position in shares of Oxford Industries in the 4th quarter worth $16,489,000. Charles Schwab Investment Management Inc. lifted its position in shares of Oxford Industries by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock valued at $48,738,000 after buying an additional 50,420 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Oxford Industries by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock valued at $18,281,000 after buying an additional 32,224 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Oxford Industries during the fourth quarter valued at approximately $376,000. Hedge funds and other institutional investors 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.