Oxford Industries Inc (NYSE:OXM) – B. Riley lowered their Q2 2020 earnings per share (EPS) estimates for shares of Oxford Industries in a research note issued on Thursday, June 13th. B. Riley analyst S. Anderson now expects that the textile maker will post earnings per share of $1.86 for the quarter, down from their previous forecast of $1.95.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. Oxford Industries had a return on equity of 15.62% and a net margin of 6.03%. The company had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. During the same period last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.
Other equities analysts have also recently issued reports about the company. Citigroup started coverage on Oxford Industries in a research report on Tuesday, April 16th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $82.00 price target (up from $76.00) on shares of Oxford Industries in a research report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $89.29.
Shares of OXM stock opened at $74.58 on Friday. Oxford Industries has a 1 year low of $63.50 and a 1 year high of $97.19. The firm has a market cap of $1.17 billion, a PE ratio of 17.26, a PEG ratio of 1.51 and a beta of 0.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90.
Hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Oxford Industries by 132.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 391 shares of the textile maker’s stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Oxford Industries in the 4th quarter worth $41,000. Quadrant Capital Group LLC grew its holdings in shares of Oxford Industries by 5,146.2% in the 1st quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock worth $50,000 after acquiring an additional 669 shares during the last quarter. HRT Financial LLC acquired a new position in shares of Oxford Industries in the 4th quarter worth $204,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Oxford Industries in the 4th quarter worth $209,000. Institutional investors own 92.66% of the company’s stock.
Oxford Industries Company Profile
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.
Further Reading: Fundamental Analysis and Individual Investors
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