Oxford Industries Inc (NYSE:OXM) – Equities research analysts at DA Davidson decreased their Q2 2020 EPS estimates for Oxford Industries in a research note issued on Thursday, June 13th. DA Davidson analyst M. Kawamoto now expects that the textile maker will post earnings per share of $1.85 for the quarter, down from their prior estimate of $1.94. DA Davidson also issued estimates for Oxford Industries’ Q3 2020 earnings at $0.14 EPS and Q4 2020 earnings at $1.29 EPS.
Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (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 for the quarter, compared to analyst estimates of $276.75 million. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 3.4% compared to the same quarter last year.
OXM has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Telsey Advisory Group cut their price target on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Monday. Finally, Citigroup began coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and a consensus target price of $89.29.
Shares of Oxford Industries 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 company has a quick ratio of 0.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. The company 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.
Several institutional investors have recently modified their holdings of OXM. Victory Capital Management Inc. lifted its holdings in shares of Oxford Industries by 5,698.2% during the 4th quarter. Victory Capital Management Inc. now owns 333,106 shares of the textile maker’s stock worth $23,664,000 after acquiring an additional 327,361 shares during the period. Norges Bank bought a new position in Oxford Industries in the 4th quarter valued at approximately $23,037,000. Ranger Investment Management L.P. bought a new position in Oxford Industries in the 4th quarter valued at approximately $16,945,000. Maverick Capital Ltd. bought a new position in Oxford Industries in the 1st quarter valued at approximately $6,548,000. Finally, Westwood Holdings Group Inc. lifted its stake in Oxford Industries by 16.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock valued at $42,589,000 after purchasing an additional 81,732 shares during the last quarter. 92.66% of the stock is owned by institutional investors.
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.
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