Oxford Industries’ (OXM) “Sector Weight” Rating Reiterated at KeyCorp

Oxford Industries (NYSE:OXM)‘s stock had its “sector weight” rating reissued by KeyCorp in a report released on Friday, MarketBeat.com reports.

OXM has been the topic of a number of other research reports. UBS Group dropped their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday.

Oxford Industries Stock Up 1.5 %

Oxford Industries stock opened at $62.69 on Friday. The company has a market capitalization of $984.30 million, a P/E ratio of 70.44 and a beta of 1.61. Oxford Industries has a 1-year low of $53.50 and a 1-year high of $113.88. The firm’s fifty day simple moving average is $70.26 and its 200-day simple moving average is $76.88. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analysts’ expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 earnings per share. Sell-side analysts forecast that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Insider Transactions at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the 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 sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Southernsun Asset Management LLC bought a new position in Oxford Industries during the fourth quarter valued at about $20,308,000. Senvest Management LLC bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $19,352,000. FMR LLC raised its stake in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after purchasing an additional 244,022 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries in the fourth quarter worth $16,489,000. Finally, Dimensional Fund Advisors LP boosted its stake in Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock worth $66,958,000 after buying an additional 103,253 shares in the last quarter. Institutional investors and hedge funds own 91.16% 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; 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.