Oxford Industries, Inc. (OXM) Expected to Post Quarterly Sales of $245.35 Million
Equities analysts predict that Oxford Industries, Inc. (NYSE:OXM) will report $245.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Oxford Industries’ earnings. The highest sales estimate is $249.20 million and the lowest is $241.90 million. Oxford Industries reported sales of $222.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.4%. The business is expected to announce its next quarterly earnings results on Tuesday, December 5th.
On average, analysts expect that Oxford Industries will report full year sales of $245.35 million for the current year, with estimates ranging from $1.09 billion to $1.11 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS.
A number of research firms have recently commented on OXM. TheStreet raised Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. BidaskClub raised Oxford Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. B. Riley restated a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a research note on Saturday, June 10th. Needham & Company LLC began coverage on Oxford Industries in a research note on Tuesday, July 18th. They issued a “buy” rating and a $68.00 price objective on the stock. Finally, FBR & Co set a $75.00 price objective on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday, August 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of “Buy” and a consensus price target of $66.88.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in Oxford Industries by 48.7% in the 1st quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock worth $2,035,000 after purchasing an additional 11,637 shares during the period. Great West Life Assurance Co. Can lifted its stake 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 worth $1,185,000 after purchasing an additional 1,586 shares during the last quarter. First Trust Advisors LP lifted its stake in Oxford Industries by 42.6% in the first quarter. First Trust Advisors LP now owns 36,319 shares of the textile maker’s stock worth $2,080,000 after purchasing an additional 10,841 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $33,292,000 after purchasing an additional 123,029 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in Oxford Industries in the first quarter worth $263,000. 86.55% of the stock is currently owned by institutional investors.
Shares of Oxford Industries (OXM) traded up 0.61% during mid-day trading on Wednesday, reaching $65.67. The company’s stock had a trading volume of 20,415 shares. The company has a 50 day moving average of $60.66 and a 200-day moving average of $59.20. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The firm has a market capitalization of $1.10 billion, a P/E ratio of 22.71 and a beta of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s payout ratio is 37.37%.
Oxford Industries Company Profile
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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