Oxford Industries’ (OXM) Market Perform Rating Reaffirmed at Telsey Advisory Group

Oxford Industries (NYSE:OXM)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $40.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential upside of 17.50% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Citigroup decreased their price objective on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. UBS Group cut their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oxford Industries has a consensus rating of “Reduce” and an average price target of $36.50.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $34.04 on Friday. The firm has a market cap of $506.54 million, a PE ratio of -103.15 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Oxford Industries has a 1-year low of $30.57 and a 1-year high of $64.39. The company has a fifty day moving average price of $38.38 and a 200 day moving average price of $38.53.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position in shares of Oxford Industries by 245.9% in the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 477 shares during the last quarter. CWM LLC boosted its position in Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. GAMMA Investing LLC grew its stake in Oxford Industries by 46.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 294 shares in the last quarter. Quarry LP bought a new position in Oxford Industries in the third quarter valued at approximately $38,000. Finally, Signaturefd LLC increased its position in shares of Oxford Industries by 28.1% during the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.