KeyCorp Cuts Oxford Industries (NYSE:OXM) Price Target to $80.00

Oxford Industries (NYSE:OXM - Get Free Report) had its price target lowered by analysts at KeyCorp from $95.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the textile maker's stock. KeyCorp's target price would indicate a potential upside of 32.99% from the stock's current price.

Other equities analysts have also issued research reports about the stock. UBS Group cut their price target on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, December 12th. Telsey Advisory Group reiterated a "market perform" rating and set a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Price Performance

Oxford Industries stock traded down $0.97 during mid-day trading on Tuesday, reaching $60.16. The company had a trading volume of 562,747 shares, compared to its average volume of 323,502. Oxford Industries has a fifty-two week low of $54.02 and a fifty-two week 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 has a market cap of $944.53 million, a P/E ratio of 67.59 and a beta of 1.61. The business has a fifty day simple moving average of $72.26 and a 200 day simple moving average of $77.46.

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Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the business's 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 owns 1,681 shares in the company, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently bought and sold shares of OXM. Southernsun Asset Management LLC bought a new stake in Oxford Industries in the fourth quarter valued at $20,308,000. Senvest Management LLC bought a new stake in Oxford Industries in the fourth quarter valued at $19,352,000. FMR LLC increased its position in shares of Oxford Industries by 36.8% during the third quarter. FMR LLC now owns 906,324 shares of the textile maker's stock worth $78,633,000 after acquiring an additional 244,022 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of Oxford Industries during the fourth quarter worth about $16,489,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after acquiring an additional 103,253 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

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.