Equities analysts forecast that Oxford Industries (NYSE:OXM) will post earnings of $1.24 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Oxford Industries’ earnings, with estimates ranging from $1.22 to $1.24. Oxford Industries posted earnings of $1.12 per share in the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The business is expected to report its next earnings report on Tuesday, June 5th.
According to Zacks, analysts expect that Oxford Industries will report full year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.55 to $4.58. For the next year, analysts expect that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.79 to $5.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, March 28th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.01. The business had revenue of $293.00 million for the quarter, compared to analysts’ expectations of $293.19 million. Oxford Industries had a return on equity of 15.02% and a net margin of 5.99%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Oxford Industries from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. DA Davidson set a $91.00 target price on Oxford Industries and gave the stock a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. SunTrust Banks set a $90.00 price target on Oxford Industries and gave the company a “buy” rating in a report on Thursday, March 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $88.00 price target (down previously from $91.00) on shares of Oxford Industries in a report on Thursday, March 29th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $82.50.
Shares of NYSE OXM opened at $77.86 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 1.75. The firm has a market capitalization of $1,296.49, a P/E ratio of 21.04, a P/E/G ratio of 1.69 and a beta of 0.35. Oxford Industries has a 52-week low of $52.54 and a 52-week high of $84.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be issued a dividend of $0.34 per share. This is an increase from Oxford Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.75%. Oxford Industries’s payout ratio is currently 29.51%.
Hedge funds have recently modified their holdings of the company. Capital Investment Advisors LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at $229,000. Koch Industries Inc. purchased a new position in shares of Oxford Industries during the fourth quarter valued at $229,000. Macquarie Group Ltd. acquired a new stake in Oxford Industries during the third quarter valued at $205,000. Verition Fund Management LLC boosted its position in Oxford Industries by 33.2% during the fourth quarter. Verition Fund Management LLC now owns 5,122 shares of the textile maker’s stock valued at $385,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Oxford Industries during the fourth quarter valued at $390,000. Institutional investors and hedge funds own 87.89% of the company’s stock.
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About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned brands, and licensed and private labels apparel products 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 footwear and children's apparel under the Lilly Pulitzer brand.
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