Oxford Industries (NYSE:OXM) had its price target lifted by Telsey Advisory Group from $58.00 to $65.00 in a research note issued on Thursday. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective points to a potential downside of 1.56% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Thursday, September 7th. Needham & Company LLC reduced their target price on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, September 1st. FBR & Co set a $75.00 target price on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday, August 28th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.20.

Shares of Oxford Industries (NYSE:OXM) opened at $66.03 on Thursday. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $72.36. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market cap of $1,161.05, a PE ratio of 22.11, a PEG ratio of 1.90 and a beta of 0.38.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The business had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. During the same period in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. sell-side analysts anticipate that Oxford Industries will post 3.62 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in Oxford Industries by 3.4% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after purchasing an additional 1,900 shares in the last quarter. Bessemer Group Inc. raised its holdings in Oxford Industries by 109,500.0% during the third quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after purchasing an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Oxford Industries by 60.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after purchasing an additional 16,943 shares in the last quarter. Vanguard Group Inc. raised its holdings in Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after purchasing an additional 14,729 shares in the last quarter. Finally, Alps Advisors Inc. raised its holdings in Oxford Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after purchasing an additional 23 shares in the last quarter. 89.19% of the stock is owned by hedge funds and other institutional investors.

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About Oxford Industries

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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