Brokerages predict that Oxford Industries Inc (NYSE:OXM) will report sales of $294.58 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Oxford Industries’ earnings. The highest sales estimate is $298.00 million and the lowest is $291.32 million. Oxford Industries posted sales of $261.05 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.8%. The company is scheduled to report its next earnings results on Thursday, March 22nd.
On average, 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 anticipate that the business 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 research analysts that follow Oxford Industries.
Several research analysts have commented on OXM shares. KeyCorp restated a “buy” rating and issued a $78.00 price objective on shares of Oxford Industries in a report on Friday, November 24th. Telsey Advisory Group upped their target price on shares of Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, November 30th. Needham & Company LLC downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Friday, December 1st. They noted that the move was a valuation call. DA Davidson set a $71.00 target price on shares of Oxford Industries and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Oxford Industries in a research report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Oxford Industries presently has a consensus rating of “Buy” and an average price target of $77.80.
A number of hedge funds have recently made changes to their positions in OXM. State Street Corp grew its position in Oxford Industries by 2.9% during the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after purchasing an additional 10,184 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Oxford Industries by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock valued at $795,000 after purchasing an additional 470 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Oxford Industries during the 3rd quarter valued at about $222,000. Crossmark Global Holdings Inc. purchased a new stake in Oxford Industries during the 3rd quarter valued at about $228,000. Finally, State Board of Administration of Florida Retirement System grew its position in Oxford Industries by 36.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 8,576 shares of the textile maker’s stock valued at $545,000 after purchasing an additional 2,294 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors.
Oxford Industries (OXM) opened at $80.68 on Tuesday. 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 1-year low of $49.50 and a 1-year high of $84.32. The company has a market cap of $1,360.00, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.34.
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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