Telsey Advisory Group upgraded shares of Oxford Industries Inc (NYSE:OXM) from a market perform rating to an outperform rating in a research report released on Thursday morning. Telsey Advisory Group currently has $60.00 price target on the stock.
A number of other brokerages have also commented on OXM. Wunderlich restated a buy rating and issued a $80.00 price target on shares of Oxford Industries in a report on Friday, January 13th. DA Davidson set a $81.00 target price on Oxford Industries and gave the stock a buy rating in a report on Wednesday, November 30th. Zacks Investment Research upgraded Oxford Industries from a sell rating to a hold rating in a report on Thursday, December 8th. B. Riley reiterated a buy rating and set a $74.00 target price on shares of Oxford Industries in a report on Saturday, December 10th. Finally, TheStreet lowered Oxford Industries from a b- rating to a c+ rating in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $76.75.
Shares of Oxford Industries (NYSE:OXM) opened at 52.50 on Thursday. The firm has a 50 day moving average price of $54.84 and a 200-day moving average price of $62.14. Oxford Industries has a 12 month low of $51.35 and a 12 month high of $77.23. The company has a market cap of $880.43 million, a P/E ratio of 14.57 and a beta of 0.42.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in Oxford Industries by 8.3% in the third quarter. BlackRock Fund Advisors now owns 1,032,985 shares of the company’s stock valued at $69,933,000 after buying an additional 78,875 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Oxford Industries during the fourth quarter valued at about $18,264,000. Teachers Advisors LLC raised its stake in Oxford Industries by 4.0% in the third quarter. Teachers Advisors LLC now owns 177,207 shares of the company’s stock valued at $11,997,000 after buying an additional 6,739 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Oxford Industries during the fourth quarter valued at about $9,844,000. Finally, RBO & Co. LLC bought a new stake in Oxford Industries during the fourth quarter valued at about $8,388,000. Institutional investors and hedge funds own 88.96% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.