Oxford Industries Gets a Hold from Telsey Advisory

By Carrie Williams

Telsey Advisory analyst Dana Telsey reiterated a Hold rating on Oxford Industries (NYSE: OXM) today and set a price target of $53. The company’s shares closed yesterday at $53.46.

According to TipRanks.com, Telsey is a 4-star analyst with an average return of 7.5% and a 47.2% 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 Hold, with a price target consensus of $53.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OXM in relation to earlier this year. Most recently, in December 2016, Clyde Tuggle, a Director at OXM bought 100 shares for a total of $6,213.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.