Oxford Industries (NYSE:OXM) had its price objective reduced by equities research analysts at Telsey Advisory Group from $78.00 to $72.00 in a report issued on Thursday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price objective would suggest a potential downside of 9.43% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $85.14.
Shares of NYSE:OXM opened at $79.50 on Thursday. The company has a 50 day moving average of $69.48 and a 200-day moving average of $74.27. The firm has a market cap of $1.33 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.65 and a beta of 0.48. Oxford Industries has a twelve month low of $63.50 and a twelve month high of $93.52. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business had revenue of $302.00 million for the quarter, compared to analyst estimates of $306.98 million. During the same period in the prior year, the company earned $1.83 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts forecast that Oxford Industries will post 4.57 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Oxford Industries by 13.6% in the 2nd quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock valued at $214,926,000 after buying an additional 339,482 shares during the period. Victory Capital Management Inc. increased its stake in shares of Oxford Industries by 38.2% during the 2nd quarter. Victory Capital Management Inc. now owns 686,983 shares of the textile maker’s stock worth $52,073,000 after purchasing an additional 189,885 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Oxford Industries during the 2nd quarter worth $8,619,000. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Oxford Industries by 102.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 190,500 shares of the textile maker’s stock worth $14,440,000 after purchasing an additional 96,500 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of Oxford Industries by 16.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock worth $42,589,000 after purchasing an additional 81,732 shares during the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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