Oxford Industries, Inc. (NYSE:OXM) Expected to Post Earnings of $1.06 Per Share


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Equities research analysts expect Oxford Industries, Inc. (NYSE:OXM) to announce earnings of $1.06 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Oxford Industries’ earnings. The highest EPS estimate is $1.10 and the lowest is $0.99. Oxford Industries reported earnings of ($1.12) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 194.6%. The business is expected to announce its next quarterly earnings report on Wednesday, June 9th.

According to Zacks, analysts expect that Oxford Industries will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.98 to $3.15. For the next financial year, analysts forecast that the firm will post earnings of $3.73 per share, with EPS estimates ranging from $3.47 to $4.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Oxford Industries.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, March 24th. The textile maker reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $221.37 million for the quarter, compared to analyst estimates of $217.02 million. Oxford Industries had a negative return on equity of 2.98% and a negative net margin of 8.26%. The business’s quarterly revenue was down 25.6% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS.

OXM has been the subject of several recent analyst reports. Telsey Advisory Group raised their price objective on shares of Oxford Industries from $88.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 28th. B. Riley increased their target price on Oxford Industries from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, March 26th. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a report on Wednesday, March 17th. Finally, KeyCorp increased their target price on Oxford Industries from $75.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, April 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Buy” and a consensus target price of $82.40.

Shares of OXM stock traded up $1.29 during trading hours on Tuesday, hitting $94.08. 90,429 shares of the company were exchanged, compared to its average volume of 98,663. The firm has a market cap of $1.59 billion, a P/E ratio of -22.47 and a beta of 1.61. Oxford Industries has a fifty-two week low of $33.87 and a fifty-two week high of $95.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.64 and a current ratio of 1.49. The company has a 50 day simple moving average of $88.28 and a two-hundred day simple moving average of $69.37.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, April 16th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, April 15th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.25. This represents a $1.48 annualized dividend and a yield of 1.57%. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

In other Oxford Industries news, EVP Thomas E. Campbell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total transaction of $426,250.00. Following the transaction, the executive vice president now directly owns 41,388 shares in the company, valued at approximately $3,528,327. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Norges Bank bought a new stake in shares of Oxford Industries during the 4th quarter worth $16,160,000. Peregrine Capital Management LLC raised its stake in shares of Oxford Industries by 96.1% during the 4th quarter. Peregrine Capital Management LLC now owns 171,531 shares of the textile maker’s stock worth $11,237,000 after purchasing an additional 84,042 shares during the period. Alliancebernstein L.P. raised its stake in shares of Oxford Industries by 12.8% during the 4th quarter. Alliancebernstein L.P. now owns 718,023 shares of the textile maker’s stock worth $47,038,000 after purchasing an additional 81,489 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new stake in shares of Oxford Industries during the 1st quarter worth $7,051,000. Finally, Morgan Stanley raised its stake in shares of Oxford Industries by 55.3% during the 3rd quarter. Morgan Stanley now owns 158,689 shares of the textile maker’s stock worth $6,404,000 after purchasing an additional 56,483 shares during the period. Institutional investors own 87.39% 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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel 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.

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