Telsey Advisory Group Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM - Get Free Report) had its target price reduced by equities researchers at Telsey Advisory Group from $64.00 to $52.00 in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a "market perform" rating on the textile maker's stock. Telsey Advisory Group's price objective points to a potential upside of 10.50% from the stock's current price.

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

Oxford Industries Stock Performance

NYSE OXM opened at $47.06 on Wednesday. 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 company has a market cap of $699.50 million, a P/E ratio of 52.87 and a beta of 1.40. The stock has a 50-day moving average of $58.69 and a two-hundred day moving average of $72.30. Oxford Industries has a 1-year low of $42.12 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 EPS. As a group, analysts anticipate that Oxford Industries will post 6.62 EPS for the current year.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. The trade was a 16.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after acquiring an additional 373 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries during the fourth quarter worth approximately $63,000. Blue Trust Inc. raised its holdings in Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after acquiring an additional 160 shares in the last quarter. Vestcor Inc bought a new stake in Oxford Industries in the fourth quarter valued at about $100,000. Finally, Truvestments Capital LLC lifted its holdings in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after buying an additional 326 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.

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