Oxford Industries Inc (NYSE:OXM) – Equities research analysts at KeyCorp cut their Q2 2020 earnings per share estimates for shares of Oxford Industries in a report released on Wednesday, June 12th. KeyCorp analyst E. Yruma now anticipates that the textile maker will post earnings per share of $1.86 for the quarter, down from their prior estimate of $1.91. KeyCorp also issued estimates for Oxford Industries’ Q4 2020 earnings at $1.30 EPS and FY2021 earnings at $4.92 EPS.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 6.03% and a return on equity of 15.62%. The firm had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.75 million. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Citigroup initiated coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They set a “buy” rating for the company. Finally, Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating for the company in a research report on Monday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.29.
OXM stock opened at $74.58 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. Oxford Industries has a one year low of $63.50 and a one year high of $97.19. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.51 and a beta of 0.48.
A number of hedge funds have recently added to or reduced their stakes in OXM. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Oxford Industries by 132.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 391 shares of the textile maker’s stock worth $30,000 after buying an additional 223 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Oxford Industries during the fourth quarter worth $41,000. Quadrant Capital Group LLC lifted its holdings in shares of Oxford Industries by 5,146.2% during the first quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock worth $50,000 after buying an additional 669 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of Oxford Industries during the fourth quarter worth $204,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Oxford Industries during the fourth quarter worth $209,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
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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