Oxford Industries Receives a Hold from Telsey Advisory

By Jason Carr

In a report released today, Dana Telsey from Telsey Advisory reiterated a Hold rating on Oxford Industries (NYSE: OXM), with a price target of $58. The company’s shares closed yesterday at $59.61.

According to TipRanks.com, Telsey is a 4-star analyst with an average return of 7.8% and a 52.7% success rate. Telsey covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ascena Retail Group, and Burlington Stores.

Oxford Industries has an analyst consensus of Moderate Buy, with a price target consensus of $61.

Oxford Industries’ market cap is currently $1B and has a P/E ratio of 18.92. The company has a book value ratio of 2.6625.

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Oxford Industries, Inc. designs, sources and markets owned lifestyle brands. It also owns and licenses tailored clothing and golf apparel brands. The company operates its business through the following groups: Tommy Bahama, Lilly Pulitzer, Lanier Apparel and Southern Tide. The Tommy Bahama group designs, sources and markets men’s and women’s sportswear and related products. The Lilly Pulitzer group designs, markets and distributes upscale collections of women’s and girl’s dresses, sportswear and other products. The Lanier Apparel group designs, markets and produces men’s dress and casual apparel across a wide range of price points. This groups licensed brands include Kenneth Cole, Reaction by Kenneth Cole, Geoffrey Beene, Dockers, Nick Graham and Andrew Fezza. The Southern Tide group offers apparel bearing the Skipjack logo tailored for men, women, and youth. Oxford Industries was founded by John Hicks Lanier, Thomas C. Chubb III and Sartain Lanier in 1942 and is headquartered in Atlanta, GA.