Oxford Industries (OXM) Issues FY18 Earnings Guidance
Oxford Industries (NYSE:OXM) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.55-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.59. The company issued revenue guidance of $1.08-1.095 billion, compared to the consensus revenue estimate of $1.09 billion.
Oxford Industries (NYSE:OXM) traded up $0.43 during trading hours on Tuesday, reaching $66.46. 136,500 shares of the company were exchanged, compared to its average volume of 161,005. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $72.36. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market cap of $1,111.07, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.82 and a beta of 0.39.
A number of equities research analysts recently commented on OXM shares. Zacks Investment Research lowered shares of Oxford Industries from a buy rating to a hold rating in a report on Wednesday, September 27th. SunTrust Banks reiterated a buy rating and set a $66.00 price target on shares of Oxford Industries in a report on Tuesday, October 24th. FBR & Co set a $75.00 price target on shares of Oxford Industries and gave the company a buy rating in a report on Monday, August 28th. B. Riley reiterated a buy rating on shares of Oxford Industries in a report on Wednesday, November 1st. Finally, DA Davidson lowered shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective for the company. in a report on Friday, September 8th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of Buy and a consensus price target of $69.20.
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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