KeyCorp Issues Pessimistic Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its price target cut by KeyCorp from $95.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price objective would suggest a potential upside of 30.22% from the company’s previous close.

Several other brokerages also recently weighed in on OXM. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group cut their target price on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th.

Oxford Industries Price Performance

Oxford Industries stock opened at $61.43 on Tuesday. The company’s 50 day simple moving average is $73.28 and its 200-day simple moving average is $77.83. The company has a market capitalization of $964.58 million, a price-to-earnings ratio of 69.03 and a beta of 1.61. Oxford Industries has a 1 year low of $54.02 and a 1 year high of $113.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the period. Blue Trust Inc. boosted its stake in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after purchasing an additional 160 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries in the fourth quarter worth approximately $63,000. Vestcor Inc acquired a new stake in shares of Oxford Industries in the fourth quarter worth approximately $100,000. Finally, Advisors Asset Management Inc. raised its holdings in Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after buying an additional 1,083 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.