Wall Street analysts forecast that Oxford Industries Inc (NYSE:OXM) will report sales of $294.58 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Oxford Industries’ earnings. The lowest sales estimate is $291.32 million and the highest is $298.00 million. Oxford Industries posted sales of $261.05 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The firm is scheduled to announce 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 fiscal year, with estimates ranging from $1.08 billion to $1.09 billion. For the next financial year, analysts expect that the company will report sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last issued its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS.
Oxford Industries (NYSE:OXM) opened at $77.58 on Wednesday. The company has a market capitalization of $1,310.00, a P/E ratio of 24.47, a PEG ratio of 1.82 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $84.32.
The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, January 18th. Oxford Industries’s dividend payout ratio (DPR) is 34.07%.
In related news, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the sale, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis M. Love sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now directly owns 17,002 shares in the company, valued at approximately $1,225,674.18. The disclosure for this sale can be found here. Company insiders own 3.29% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its stake in Oxford Industries by 22.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 103,627 shares of the textile maker’s stock valued at $6,476,000 after acquiring an additional 18,948 shares in the last quarter. Teachers Advisors LLC raised its stake in Oxford Industries by 12.8% during the 2nd quarter. Teachers Advisors LLC now owns 29,390 shares of the textile maker’s stock valued at $1,837,000 after acquiring an additional 3,346 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Oxford Industries by 8.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,118 shares of the textile maker’s stock valued at $2,757,000 after acquiring an additional 3,593 shares in the last quarter. Northern Trust Corp raised its stake in Oxford Industries by 5.1% during the 2nd quarter. Northern Trust Corp now owns 218,690 shares of the textile maker’s stock valued at $13,666,000 after acquiring an additional 10,587 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.
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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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