Brokerages predict that Oxford Industries Inc (NYSE:OXM) will post $307.98 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Oxford Industries’ earnings. The lowest sales estimate is $305.20 million and the highest is $310.05 million. Oxford Industries posted sales of $302.64 million in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, September 11th.
On average, analysts expect that Oxford Industries will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next year, analysts anticipate that the company will report sales of $1.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The firm had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.75 million. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Saturday, June 15th. Citigroup assumed coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They set a “buy” rating for the company. ValuEngine upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Telsey Advisory Group cut their target price on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating for the company in a research report on Monday, June 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and a consensus target price of $86.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its holdings in Oxford Industries by 5,146.2% in the first quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 669 shares during the period. HRT Financial LLC purchased a new stake in Oxford Industries in the fourth quarter valued at approximately $204,000. Campbell & CO Investment Adviser LLC purchased a new stake in Oxford Industries in the first quarter valued at approximately $294,000. Quantamental Technologies LLC purchased a new stake in Oxford Industries in the first quarter valued at approximately $297,000. Finally, Piedmont Investment Advisors Inc. grew its holdings in Oxford Industries by 6.4% in the first quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 256 shares during the period. Institutional investors own 92.53% of the company’s stock.
OXM traded up $0.66 during midday trading on Friday, reaching $69.73. 119,736 shares of the company’s stock were exchanged, compared to its average volume of 166,622. The company has a quick ratio of 0.70, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.19 billion, a PE ratio of 16.14, a PEG ratio of 1.60 and a beta of 0.47. The company’s 50-day moving average price is $72.62. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $96.35.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, July 18th. Oxford Industries’s payout ratio is currently 34.26%.
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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