Telsey Advisory Group Issues Pessimistic Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its target price cut by stock analysts at Telsey Advisory Group from $86.00 to $68.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 13.04% from the company’s current price.

Several other research analysts have also recently issued reports on the company. UBS Group decreased their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. KeyCorp lowered their target price on shares of Oxford Industries from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th.

Oxford Industries Price Performance

NYSE OXM opened at $60.16 on Monday. 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 50-day moving average price of $72.26 and a two-hundred day moving average price of $77.41. The stock has a market cap of $944.53 million, a price-to-earnings ratio of 67.59 and a beta of 1.61. Oxford Industries has a 52 week low of $54.02 and a 52 week high of $113.88.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 103,253 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $48,738,000 after purchasing an additional 50,420 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock valued at $45,738,000 after purchasing an additional 27,198 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Oxford Industries by 1.3% in the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after purchasing an additional 7,336 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Company Profile

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.