Equities research analysts predict that Oxford Industries, Inc. (NYSE:OXM) will post $294.58 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Oxford Industries’ earnings, with estimates ranging from $291.32 million to $298.00 million. Oxford Industries posted sales of $261.05 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The business is expected to issue its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Oxford Industries will report full-year sales of $294.58 million for the current financial year, with estimates ranging from $1.08 billion to $1.09 billion. For the next fiscal year, analysts expect that the business will post sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. Oxford Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share.
Oxford Industries (OXM) opened at $83.64 on Friday. The company has a market cap of $1,407.91, a P/E ratio of 24.89, a P/E/G ratio of 2.28 and a beta of 0.37. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $84.07. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is currently 35.41%.
In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total transaction of $381,187.50. Following the sale, the insider now directly owns 6,204 shares of the company’s stock, valued at $497,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the sale, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. QS Investors LLC grew its holdings in shares of Oxford Industries by 0.4% during the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after buying an additional 15 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Oxford Industries by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock valued at $795,000 after buying an additional 470 shares during the last quarter. American International Group Inc. grew its holdings in shares of Oxford Industries by 7.7% during the third quarter. American International Group Inc. now owns 13,086 shares of the textile maker’s stock valued at $831,000 after buying an additional 939 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Oxford Industries by 18.2% during the second quarter. Voya Investment Management LLC now owns 6,896 shares of the textile maker’s stock valued at $431,000 after buying an additional 1,063 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
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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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