Oxford Industries (NYSE:OXM) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.93. The company issued revenue guidance of $300-310 million, compared to the consensus revenue estimate of $313.11 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a report on Thursday, April 25th. Telsey Advisory Group reissued a market perform rating and set a $82.00 target price (up previously from $76.00) on shares of Oxford Industries in a research report on Thursday, April 18th. Finally, Citigroup started coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They set a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Oxford Industries presently has a consensus rating of Buy and an average price target of $90.25.
Shares of NYSE:OXM traded down $1.59 on Wednesday, hitting $68.80. 431,545 shares of the company were exchanged, compared to its average volume of 159,330. Oxford Industries has a one year low of $63.50 and a one year high of $97.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.55 and a beta of 0.49.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.09. The company had revenue of $282.00 million for the quarter, compared to the consensus estimate of $276.75 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. Equities analysts predict that Oxford Industries will post 4.56 EPS for the current year.
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About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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