KeyCorp Lowers Oxford Industries (NYSE:OXM) Price Target to $80.00

Oxford Industries (NYSE:OXM) had its target price reduced by KeyCorp from $95.00 to $80.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other equities analysts also recently weighed in on OXM. UBS Group dropped their target price on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Trading Down 0.5 %

Shares of OXM stock opened at $61.15 on Tuesday. The stock has a market cap of $960.07 million, a P/E ratio of 68.71 and a beta of 1.61. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries has a fifty-two week low of $54.02 and a fifty-two week high of $113.88. The business has a fifty day simple moving average of $72.78 and a 200-day simple moving average of $77.72.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred 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 approximately $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OXM. Southernsun Asset Management LLC purchased a new position in shares of Oxford Industries in the 4th quarter worth $20,308,000. Senvest Management LLC purchased a new stake in shares of Oxford Industries during the 4th quarter worth about $19,352,000. FMR LLC increased its position in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after purchasing an additional 244,022 shares in the last quarter. Global Alpha Capital Management Ltd. purchased a new position in Oxford Industries in the fourth quarter valued at approximately $16,489,000. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $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.

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.