Zacks: Brokerages Anticipate Oxford Industries Inc (OXM) to Post $1.41 EPS
Brokerages expect that Oxford Industries Inc (NYSE:OXM) will announce earnings of $1.41 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Oxford Industries’ earnings. The highest EPS estimate is $1.41 and the lowest is $1.40. Oxford Industries posted earnings of $1.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 30th.
On average, analysts expect that Oxford Industries will report full year earnings of $3.59 per share for the current year, with EPS estimates ranging from $3.56 to $3.60. For the next year, analysts expect that the business will post earnings of $3.94 per share, with EPS estimates ranging from $3.88 to $3.98. Zacks Investment Research’s EPS calculations are an 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 Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.08. Oxford Industries had a return on equity of 18.04% and a net margin of 6.31%. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $273.40 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year.
A number of brokerages have commented on OXM. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. B. Riley reiterated a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a report on Monday, June 5th. Telsey Advisory Group increased their target price on Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. BidaskClub cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, FBR & Co began coverage on Oxford Industries in a report on Tuesday, July 11th. They set an “outperform” rating and a $75.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Oxford Industries presently has an average rating of “Buy” and an average price target of $71.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Oxford Industries during the fourth quarter valued at approximately $7,552,000. Louisiana State Employees Retirement System raised its position in Oxford Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock valued at $349,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors raised its position in Oxford Industries by 10.9% in the first quarter. Nationwide Fund Advisors now owns 67,742 shares of the textile maker’s stock valued at $3,879,000 after buying an additional 6,661 shares during the period. Wells Fargo & Company MN raised its position in Oxford Industries by 48.7% in the first quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock valued at $2,035,000 after buying an additional 11,637 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Oxford Industries by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 20,705 shares of the textile maker’s stock valued at $1,185,000 after buying an additional 1,586 shares during the period. 89.20% of the stock is currently owned by institutional investors.
Oxford Industries (NYSE OXM) opened at 62.48 on Tuesday. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The company’s 50-day moving average price is $61.88 and its 200-day moving average price is $57.23. The stock has a market cap of $1.05 billion, a P/E ratio of 21.04 and a beta of 0.40.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, July 12th. Oxford Industries’s dividend payout ratio (DPR) is currently 36.36%.
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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