Oxford Industries (NYSE:OXM) Announces Earnings Results, Beats Expectations By $0.12 EPS

Oxford Industries (NYSE:OXM) released its earnings results on Wednesday. The textile maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.12, FiscalAI reports. Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The company had revenue of $391.40 million during the quarter, compared to analysts’ expectations of $391.76 million.

Oxford Industries Price Performance

Shares of Oxford Industries stock traded up $0.68 during trading hours on Wednesday, reaching $43.84. 632,037 shares of the company’s stock were exchanged, compared to its average volume of 332,953. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $55.76. The company has a market capitalization of $652.79 million, a P/E ratio of -22.60 and a beta of 1.03. The business has a fifty day moving average of $42.72 and a two-hundred day moving average of $39.27. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Friday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s payout ratio is presently -144.33%.

Wall Street Analysts Forecast Growth

OXM has been the subject of several research reports. Citigroup lifted their price objective on shares of Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. UBS Group lifted their price objective on shares of Oxford Industries from $33.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $42.50.

Institutional Investors Weigh In On Oxford Industries

Large investors have recently modified their holdings of the business. Invesco Ltd. lifted its position in Oxford Industries by 55.4% in the fourth quarter. Invesco Ltd. now owns 170,070 shares of the textile maker’s stock valued at $5,816,000 after buying an additional 60,618 shares during the last quarter. XTX Topco Ltd lifted its position in Oxford Industries by 130.3% in the fourth quarter. XTX Topco Ltd now owns 48,730 shares of the textile maker’s stock valued at $1,667,000 after buying an additional 27,569 shares during the last quarter. Wellington Management Group LLP lifted its position in Oxford Industries by 19.2% in the fourth quarter. Wellington Management Group LLP now owns 292,956 shares of the textile maker’s stock valued at $10,019,000 after buying an additional 47,274 shares during the last quarter. SummitTX Capital L.P. lifted its position in shares of Oxford Industries by 52.6% during the fourth quarter. SummitTX Capital L.P. now owns 8,440 shares of the textile maker’s stock worth $289,000 after purchasing an additional 2,908 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Oxford Industries during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.