$245.35 Million in Sales Expected for Oxford Industries, Inc. (OXM) This Quarter
Brokerages forecast that Oxford Industries, Inc. (NYSE:OXM) will post $245.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Oxford Industries’ earnings, with estimates ranging from $241.90 million to $249.20 million. Oxford Industries posted sales of $222.31 million during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The company is expected to report its next earnings report on Tuesday, December 5th.
On average, analysts expect that Oxford Industries will report full-year sales of $245.35 million for the current financial year, with estimates ranging from $1.09 billion to $1.11 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Oxford Industries.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. During the same period last year, the company posted $1.48 EPS. Oxford Industries’s revenue was up .6% on a year-over-year basis.
A number of research firms recently weighed in on OXM. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, September 15th. BidaskClub lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. FBR & Co reissued a “buy” rating and set a $75.00 price target on shares of Oxford Industries in a research report on Tuesday, September 12th. Finally, Needham & Company LLC set a $62.00 price target on shares of Oxford Industries and gave the company a “buy” rating in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.88.
Oxford Industries (NYSE:OXM) opened at 64.96 on Monday. The stock has a market capitalization of $1.09 billion, a PE ratio of 22.46 and a beta of 0.37. The company’s 50-day moving average is $62.63 and its 200-day moving average is $59.91. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s payout ratio is currently 37.37%.
Large investors have recently modified their holdings of the stock. Pinebridge Investments L.P. increased its holdings in Oxford Industries by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares during the period. State of Alaska Department of Revenue increased its holdings in Oxford Industries by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after buying an additional 1,316 shares during the period. Stifel Financial Corp acquired a new position in Oxford Industries in the 2nd quarter worth approximately $202,000. Piedmont Investment Advisors LLC acquired a new position in Oxford Industries in the 2nd quarter worth approximately $203,000. Finally, Mason Street Advisors LLC increased its holdings in Oxford Industries by 7.0% in the 1st 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. Institutional investors own 86.55% of the company’s stock.
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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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