Wall Street brokerages expect Oxford Industries (NYSE:OXM) to post $1.24 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Oxford Industries’ earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.24. Oxford Industries posted earnings per share of $1.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.7%. The firm is expected to issue its next quarterly 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 year, with EPS estimates ranging from $4.55 to $4.58. For the next year, analysts expect that the firm will post earnings of $5.00 per share, with EPS estimates ranging from $4.79 to $5.15. Zacks’ 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 results on Wednesday, March 28th. The textile maker reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Oxford Industries had a net margin of 5.99% and a return on equity of 15.02%. The company had revenue of $293.00 million for the quarter, compared to analyst estimates of $293.19 million. During the same quarter in the prior year, the business posted $0.90 EPS. Oxford Industries’s quarterly revenue was up 12.3% on a year-over-year basis.
Several research analysts have recently commented on the stock. ValuEngine upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Citigroup reiterated a “buy” rating and issued a $90.00 target price on shares of Oxford Industries in a research note on Wednesday, April 18th. DA Davidson set a $91.00 target price on shares of Oxford Industries and gave the company a “buy” rating in a research note on Monday, April 2nd. Finally, SunTrust Banks raised their target price on shares of Oxford Industries to $90.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and a consensus price target of $83.33.
In related news, CFO Scott Grassmyer sold 4,665 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $77.65, for a total value of $362,237.25. Following the transaction, the chief financial officer now directly owns 36,440 shares in the company, valued at approximately $2,829,566. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Caldecot Chubb III sold 3,500 shares of the stock in a transaction on Monday, April 16th. The shares were sold at an average price of $76.97, for a total transaction of $269,395.00. Following the completion of the sale, the chief executive officer now directly owns 114,514 shares of the company’s stock, valued at $8,814,142.58. The disclosure for this sale can be found here. Insiders sold a total of 13,165 shares of company stock worth $1,016,482 over the last quarter. 3.29% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of OXM. American Century Companies Inc. bought a new stake in Oxford Industries in the 1st quarter valued at $5,084,000. Acadian Asset Management LLC boosted its holdings in Oxford Industries by 444.4% in the 4th quarter. Acadian Asset Management LLC now owns 62,035 shares of the textile maker’s stock valued at $4,664,000 after purchasing an additional 50,639 shares during the period. AXA boosted its holdings in Oxford Industries by 330.4% in the 4th quarter. AXA now owns 63,700 shares of the textile maker’s stock valued at $4,790,000 after purchasing an additional 48,900 shares during the period. Assenagon Asset Management S.A. bought a new stake in Oxford Industries in the 4th quarter valued at $3,512,000. Finally, Rice Hall James & Associates LLC boosted its holdings in Oxford Industries by 14.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 188,911 shares of the textile maker’s stock valued at $14,204,000 after purchasing an additional 24,189 shares during the period. 88.23% of the stock is owned by hedge funds and other institutional investors.
Shares of OXM opened at $74.68 on Tuesday. Oxford Industries has a 12 month low of $52.62 and a 12 month high of $84.32. The firm has a market cap of $1,272.93, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.66 and a beta of 0.33. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be paid a $0.34 dividend. The ex-dividend date is Thursday, April 19th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.27. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. Oxford Industries’s dividend payout ratio (DPR) is presently 37.16%.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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's products under the Southern Tide brand.
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