BTIG Research Initiates Coverage on Oxford Industries (NYSE:OXM)

BTIG Research began coverage on shares of Oxford Industries (NYSE:OXM) in a report released on Tuesday, Briefing.com reports. The firm set a “neutral” rating on the textile maker’s stock.

Several other equities research analysts have also commented on the stock. KeyCorp reduced their price target on shares of Oxford Industries from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. StockNews.com cut Oxford Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. B. Riley reissued a “neutral” rating and issued a $90.00 price target on shares of Oxford Industries in a research report on Monday, November 6th. Citigroup dropped their price objective on Oxford Industries from $101.00 to $98.00 in a research report on Friday, September 1st. Finally, UBS Group cut their target price on Oxford Industries from $110.00 to $108.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.50.

Oxford Industries Stock Up 0.8 %

Shares of NYSE:OXM opened at $95.27 on Tuesday. The business’s 50 day moving average is $91.59 and its 200 day moving average is $98.80. The stock has a market cap of $1.49 billion, a P/E ratio of 9.45 and a beta of 1.57. Oxford Industries has a 52-week low of $82.33 and a 52-week high of $123.37. The company has a quick ratio of 0.52, a current ratio of 1.21 and a debt-to-equity ratio of 0.08.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, August 31st. The textile maker reported $3.45 earnings per share for the quarter, missing the consensus estimate of $3.46 by ($0.01). The firm had revenue of $420.32 million during the quarter, compared to analysts’ expectations of $424.27 million. Oxford Industries had a return on equity of 30.33% and a net margin of 10.53%. Oxford Industries’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. Sell-side analysts predict that Oxford Industries will post 10.38 EPS for the current year.

Institutional Investors Weigh In On Oxford Industries

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Oxford Industries in the 4th quarter valued at approximately $25,000. Quarry LP lifted its stake in shares of Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after buying an additional 307 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Oxford Industries during the fourth quarter worth $35,000. Milestone Investment Advisors LLC purchased a new stake in shares of Oxford Industries during the third quarter valued at $38,000. Finally, First Horizon Advisors Inc. increased its position in shares of Oxford Industries by 120.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 446 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 244 shares during the period. Institutional investors and hedge funds own 87.89% of the company’s stock.

Oxford Industries Company Profile

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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.