Equities analysts expect Oxford Industries Inc (NYSE:OXM) to post sales of $273.92 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Oxford Industries’ earnings. The highest sales estimate is $275.10 million and the lowest is $272.90 million. Oxford Industries reported sales of $272.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The company is expected to announce its next quarterly earnings results on Tuesday, June 5th.
On average, analysts expect that Oxford Industries will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $1.12 billion to $1.13 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, March 28th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. The business had revenue of $293.00 million for the quarter, compared to the consensus estimate of $293.19 million. Oxford Industries had a return on equity of 15.02% and a net margin of 5.99%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS.
Several analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating and set a $90.00 target price on shares of Oxford Industries in a research note on Wednesday, April 18th. ValuEngine raised Oxford Industries from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. DA Davidson set a $91.00 target price on Oxford Industries and gave the company a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks set a $90.00 target price on Oxford Industries and gave the company a “buy” rating in a research note on Thursday, March 29th. Finally, Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Oxford Industries has a consensus rating of “Buy” and an average price target of $83.33.
Shares of Oxford Industries traded up $0.89, hitting $79.41, during mid-day trading on Friday, according to MarketBeat.com. The company had a trading volume of 1,890 shares, compared to its average volume of 88,434. 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 has a market cap of $1.35 billion, a price-to-earnings ratio of 21.75 and a beta of 0.33. Oxford Industries has a 12 month low of $52.62 and a 12 month high of $84.32.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 4th. Stockholders of record on Friday, April 20th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, April 19th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.27. Oxford Industries’s payout ratio is currently 37.16%.
In other news, General Counsel Thomas E. Campbell sold 5,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $76.97, for a total value of $384,850.00. Following the sale, the general counsel now owns 40,945 shares of the company’s stock, valued at approximately $3,151,536.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott Grassmyer sold 4,665 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $77.65, for a total value of $362,237.25. Following the completion of the sale, the chief financial officer now directly owns 36,440 shares in the company, valued at approximately $2,829,566. The disclosure for this sale can be found here. Insiders sold a total of 13,165 shares of company stock worth $1,016,482 in the last three months. Company insiders own 2.07% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Oxford Industries in the 1st quarter worth $213,000. Capital Investment Advisors LLC acquired a new position in shares of Oxford Industries in the 4th quarter worth $229,000. Koch Industries Inc. acquired a new position in shares of Oxford Industries in the 4th quarter worth $229,000. Brinker Capital Inc. acquired a new position in shares of Oxford Industries in the 1st quarter worth $231,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Oxford Industries in the 1st quarter worth $252,000. 86.56% of the stock is currently owned by institutional investors.
Oxford Industries Company Profile
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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