Oxford Industries’ (OXM) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Oxford Industries (NYSE:OXM) in a research report released on Friday,Benzinga reports. The brokerage currently has a $40.00 target price on the textile maker’s stock.

OXM has been the subject of a number of other research reports. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Citigroup decreased their price objective on shares of Oxford Industries from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Truist Financial set a $38.00 target price on shares of Oxford Industries in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Finally, UBS Group reduced their price target on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Oxford Industries has an average rating of “Reduce” and an average target price of $36.50.

Oxford Industries Price Performance

Oxford Industries stock opened at $34.30 on Friday. The company has a market cap of $510.32 million, a P/E ratio of -103.92 and a beta of 1.05. Oxford Industries has a one year low of $30.57 and a one year high of $64.39. The business has a fifty day moving average of $38.34 and a two-hundred day moving average of $38.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.33.

Institutional Investors Weigh In On Oxford Industries

A number of large investors have recently added to or reduced their stakes in OXM. Invesco Ltd. raised its position in Oxford Industries by 55.4% during the fourth quarter. Invesco Ltd. now owns 170,070 shares of the textile maker’s stock worth $5,816,000 after acquiring an additional 60,618 shares during the last quarter. XTX Topco Ltd grew its position in shares of Oxford Industries by 130.3% in the fourth quarter. XTX Topco Ltd now owns 48,730 shares of the textile maker’s stock valued at $1,667,000 after purchasing an additional 27,569 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Oxford Industries by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 292,956 shares of the textile maker’s stock worth $10,019,000 after purchasing an additional 47,274 shares in the last quarter. SummitTX Capital L.P. increased its stake in shares of Oxford Industries by 52.6% during the 4th quarter. SummitTX Capital L.P. now owns 8,440 shares of the textile maker’s stock worth $289,000 after purchasing an additional 2,908 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Oxford Industries during the 4th quarter worth approximately $203,000. 91.16% of the stock is owned by institutional investors and hedge funds.

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.