Oxford Industries (NYSE:OXM) had its price objective hoisted by research analysts at Telsey Advisory Group from $65.00 to $68.00 in a research report issued on Wednesday. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price would indicate a potential downside of 5.62% from the company’s current price.

A number of other brokerages have also issued reports on OXM. Needham & Company LLC lowered Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Friday, December 1st. They noted that the move was a valuation call. DA Davidson set a $71.00 target price on Oxford Industries and gave the company a “hold” rating in a research report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and issued a $78.00 target price on shares of Oxford Industries in a research report on Friday, November 24th. Finally, Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.80.

Shares of Oxford Industries (NYSE OXM) traded up $5.87 on Wednesday, hitting $72.05. The company’s stock had a trading volume of 515,384 shares, compared to its average volume of 162,424. Oxford Industries has a one year low of $49.50 and a one year high of $73.62. The firm has a market cap of $1,118.31, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.83 and a beta of 0.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.68.

Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The company had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. During the same period in the prior year, the company posted ($0.07) EPS. Oxford Industries’s quarterly revenue was up 6.2% on a year-over-year basis. analysts anticipate that Oxford Industries will post 3.62 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oxford Industries by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after acquiring an additional 13,830 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oxford Industries by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after acquiring an additional 31,195 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Oxford Industries by 14.1% in the 3rd quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after acquiring an additional 47,842 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Oxford Industries by 2.9% in the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after acquiring an additional 10,184 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

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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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