Oxford Industries, Inc. (OXM) Receives Buy Rating from SunTrust Banks, Inc.
Oxford Industries, Inc. (NYSE:OXM)‘s stock had its “buy” rating reiterated by research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday. They presently have a $66.00 price target on the textile maker’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 0.50% from the company’s current price.
OXM has been the topic of several other reports. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. FBR & Co set a $75.00 target price on Oxford Industries and gave the stock a “buy” rating in a report on Monday, August 28th. Needham & Company LLC started coverage on Oxford Industries in a report on Tuesday, July 18th. They set a “buy” rating and a $68.00 target price on the stock. DA Davidson lowered Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a report on Friday, September 8th. Finally, BidaskClub lowered Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Oxford Industries presently has a consensus rating of “Buy” and a consensus target price of $66.78.
Oxford Industries (NYSE:OXM) traded up 0.66% on Tuesday, hitting $65.67. The stock had a trading volume of 85,378 shares. The company’s 50 day moving average is $62.79 and its 200-day moving average is $60.15. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The stock has a market cap of $1.10 billion, a P/E ratio of 22.71 and a beta of 0.37.
ILLEGAL ACTIVITY NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/24/oxford-industries-inc-oxm-receives-buy-rating-from-suntrust-banks-inc.html.
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley grew its holdings in Oxford Industries by 412.2% in the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock valued at $14,401,000 after purchasing an additional 202,405 shares during the period. Bank of America Corp DE grew its holdings in Oxford Industries by 14.8% in the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock valued at $8,760,000 after purchasing an additional 19,675 shares during the period. Alps Advisors Inc. grew its holdings in Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 23 shares during the period. Bank of New York Mellon Corp grew its holdings in Oxford Industries by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after purchasing an additional 31,195 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in Oxford Industries in the first quarter valued at approximately $290,000. 86.75% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Oxford Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.