Oxford Industries (NYSE:OXM) Given New $68.00 Price Target at Telsey Advisory Group

Oxford Industries (NYSE:OXM) had its price target decreased by Telsey Advisory Group from $86.00 to $68.00 in a report issued on Monday, Marketbeat reports. Telsey Advisory Group currently has a market perform rating on the textile maker’s stock.

Several other equities analysts also recently commented on the company. UBS Group dropped their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. KeyCorp dropped their price objective on shares of Oxford Industries from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $61.23 on Monday. Oxford Industries has a one year low of $54.02 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The company has a market cap of $961.29 million, a price-to-earnings ratio of 68.79 and a beta of 1.61. The firm has a 50 day simple moving average of $71.75 and a 200 day simple moving average of $77.24.

Insiders Place Their Bets

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the sale, the senior vice president now owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in shares of 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 buying an additional 373 shares during the period. Blue Trust Inc. boosted its stake in Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after acquiring an additional 160 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Oxford Industries in the fourth quarter worth $63,000. Vestcor Inc bought a new stake in Oxford Industries in the fourth quarter valued at $100,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

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.