Oxford Industries (NYSE:OXM) PT Lowered to $72.00

Oxford Industries (NYSE:OXM) had its price objective cut by equities researchers at Telsey Advisory Group from $78.00 to $72.00 in a note issued to investors on Thursday, Briefing.com Automated Import reports. The firm presently 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 previous close.

Other analysts also recently issued research reports about 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 downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.14.

NYSE OXM opened at $79.50 on Thursday. Oxford Industries has a 52-week low of $63.50 and a 52-week high of $93.52. The company has a 50-day simple moving average of $69.48 and a 200 day simple moving average of $74.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. The company has a market capitalization of $1.33 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, September 11th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The company had revenue of $302.00 million for the quarter, compared to analysts’ expectations of $306.98 million. During the same quarter last year, the business posted $1.83 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts forecast that Oxford Industries will post 4.57 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Oxford Industries by 140.9% in the first quarter. BNP Paribas Arbitrage SA now owns 5,437 shares of the textile maker’s stock valued at $409,000 after acquiring an additional 3,180 shares during the period. Comerica Bank increased its stake in shares of Oxford Industries by 0.7% in the first quarter. Comerica Bank now owns 56,159 shares of the textile maker’s stock worth $4,409,000 after buying an additional 373 shares during the period. Texas Permanent School Fund increased its stake in shares of Oxford Industries by 3.8% in the first quarter. Texas Permanent School Fund now owns 11,511 shares of the textile maker’s stock worth $866,000 after buying an additional 418 shares during the period. Victory Capital Management Inc. increased its stake in shares of Oxford Industries by 49.2% in the first quarter. Victory Capital Management Inc. now owns 497,098 shares of the textile maker’s stock worth $37,412,000 after buying an additional 163,992 shares during the period. Finally, Mason Street Advisors LLC increased its stake in shares of Oxford Industries by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock worth $410,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 98.57% of the company’s stock.

About Oxford Industries

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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Analyst Recommendations for Oxford Industries (NYSE:OXM)

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