Analysts predict that Oxford Industries Inc (NYSE:OXM) will announce earnings per share of $1.83 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Oxford Industries’ earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.82. Oxford Industries reported earnings per share of $1.44 in the same quarter last year, which suggests a positive year over year growth rate of 27.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, September 12th.
According to Zacks, analysts expect that Oxford Industries will report full year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.57 to $4.64. For the next fiscal year, analysts forecast that the business will report earnings of $5.05 per share, with EPS estimates ranging from $4.99 to $5.10. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 12th. The textile maker reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.05. The company had revenue of $272.63 million for the quarter, compared to analyst estimates of $273.60 million. Oxford Industries had a return on equity of 15.17% and a net margin of 6.30%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share.
A number of research firms have recently commented on OXM. B. Riley lifted their price objective on Oxford Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, June 13th. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 16th. KeyCorp lifted their price objective on Oxford Industries from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $107.00 price objective (up from $91.00) on shares of Oxford Industries in a research note on Thursday, June 7th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Oxford Industries currently has an average rating of “Buy” and a consensus target price of $91.33.
Several institutional investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in Oxford Industries during the first quarter valued at about $257,000. Chicago Equity Partners LLC increased its stake in Oxford Industries by 23.7% during the first quarter. Chicago Equity Partners LLC now owns 24,970 shares of the textile maker’s stock valued at $1,862,000 after acquiring an additional 4,790 shares during the period. Acadian Asset Management LLC increased its stake in Oxford Industries by 45.0% during the second quarter. Acadian Asset Management LLC now owns 207,810 shares of the textile maker’s stock valued at $17,243,000 after acquiring an additional 64,455 shares during the period. Rhumbline Advisers increased its stake in Oxford Industries by 2.3% during the first quarter. Rhumbline Advisers now owns 41,588 shares of the textile maker’s stock valued at $3,101,000 after acquiring an additional 954 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Oxford Industries by 0.8% during the first quarter. Thrivent Financial for Lutherans now owns 286,708 shares of the textile maker’s stock valued at $21,377,000 after acquiring an additional 2,301 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.
Shares of Oxford Industries stock traded down $0.54 during trading on Thursday, reaching $90.93. The company’s stock had a trading volume of 58,500 shares, compared to its average volume of 131,776. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 2.25. The firm has a market capitalization of $1.58 billion, a PE ratio of 24.82, a PEG ratio of 2.03 and a beta of 0.21. Oxford Industries has a one year low of $58.91 and a one year high of $97.19.
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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