$290.08 Million in Sales Expected for Oxford Industries, Inc. (OXM) This Quarter
Wall Street analysts expect Oxford Industries, Inc. (NYSE:OXM) to report $290.08 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Oxford Industries’ earnings, with the highest sales estimate coming in at $293.80 million and the lowest estimate coming in at $287.40 million. Oxford Industries reported sales of $283.00 million in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 30th.
On average, analysts expect that Oxford Industries will report full-year sales of $290.08 million for the current fiscal year, with estimates ranging from $1.07 billion to $1.10 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.13 billion per share, with estimates ranging from $1.10 billion to $1.15 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating the consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $273.40 million. During the same period in the previous year, the company posted $1.26 EPS. Oxford Industries’s revenue was up 6.3% on a year-over-year basis.
Several equities research analysts have recently issued reports on OXM shares. Zacks Investment Research downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Saturday, March 11th. Telsey Advisory Group raised shares of Oxford Industries from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Thursday, March 16th. B. Riley reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research report on Friday, March 24th. Wunderlich decreased their target price on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Finally, Citigroup Inc. decreased their target price on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $71.29.
Shares of Oxford Industries (NYSE:OXM) opened at 62.77 on Friday. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $76.19. The company has a 50 day moving average of $57.60 and a 200 day moving average of $57.06. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 21.14 and a beta of 0.39.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, July 12th. Oxford Industries’s dividend payout ratio (DPR) is currently 36.36%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC acquired a new position in Oxford Industries during the first quarter worth $106,000. Envestnet Asset Management Inc. acquired a new position in Oxford Industries during the fourth quarter worth $122,000. Mason Street Advisors LLC increased its position in Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares during the period. Teza Capital Management LLC acquired a new position in Oxford Industries during the first quarter worth $228,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Oxford Industries during the first quarter worth $263,000. 91.21% of the stock is owned by institutional investors and hedge funds.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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