Equities analysts expect that Oxford Industries, Inc. (NYSE:OXM) will post sales of $289.73 million for the current quarter, according to Zacks. Three analysts have issued estimates for Oxford Industries’ earnings. The highest sales estimate is $291.40 million and the lowest is $288.20 million. Oxford Industries posted sales of $283.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The firm is expected to report its next earnings report on Wednesday, August 30th.

According to Zacks, analysts expect that Oxford Industries will report full year sales of $289.73 million for the current year, with estimates ranging from $1.08 billion to $1.10 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Oxford Industries.

Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $273.40 million. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.

A number of brokerages have recently issued reports on OXM. TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. B. Riley reiterated a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research note on Wednesday, March 29th. Telsey Advisory Group boosted their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. FBR & Co began coverage on shares of Oxford Industries in a research note on Tuesday, July 11th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $71.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after buying an additional 1,955,893 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Oxford Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,315,860 shares of the textile maker’s stock valued at $75,346,000 after buying an additional 58,319 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oxford Industries by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 721,767 shares of the textile maker’s stock valued at $41,329,000 after buying an additional 37,846 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Oxford Industries by 12.2% in the first quarter. Foresters Investment Management Company Inc. now owns 597,625 shares of the textile maker’s stock valued at $34,220,000 after buying an additional 64,825 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Oxford Industries by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 581,429 shares of the textile maker’s stock valued at $33,292,000 after buying an additional 123,029 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Shares of Oxford Industries (NYSE:OXM) opened at 62.66 on Thursday. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $76.19. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.10 and a beta of 0.40. The stock’s 50 day moving average is $60.65 and its 200 day moving average is $56.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 12th. This represents a $1.08 annualized dividend and a yield of 1.72%. Oxford Industries’s payout ratio is currently 36.36%.

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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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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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