Oxford Industries (NYSE:OXM) released its quarterly earnings results on Wednesday. The textile maker reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02), Briefing.com reports. The business had revenue of $302.00 million for the quarter, compared to the consensus estimate of $306.98 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS.
Shares of NYSE:OXM opened at $79.50 on Thursday. Oxford Industries has a 52-week low of $63.50 and a 52-week high of $93.52. The firm has a market capitalization of $1.33 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.65 and a beta of 0.48. The stock has a 50 day moving average price of $69.48 and a 200-day moving average price of $74.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Oxford Industries by 13.6% during the 2nd quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock valued at $214,926,000 after buying an additional 339,482 shares in the last quarter. Victory Capital Management Inc. increased its position in Oxford Industries by 38.2% during the 2nd quarter. Victory Capital Management Inc. now owns 686,983 shares of the textile maker’s stock valued at $52,073,000 after buying an additional 189,885 shares in the last quarter. Marshall Wace LLP bought a new position in Oxford Industries during the 2nd quarter valued at approximately $8,619,000. Fort Washington Investment Advisors Inc. OH increased its position in Oxford Industries by 102.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 190,500 shares of the textile maker’s stock valued at $14,440,000 after buying an additional 96,500 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Oxford Industries by 16.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock valued at $42,589,000 after buying an additional 81,732 shares in the last quarter. 98.57% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on OXM. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Telsey Advisory Group decreased their target price on Oxford Industries from $82.00 to $78.00 and set a “market perform” rating for the company in a research report on Monday, June 10th. Finally, ValuEngine raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $86.00.
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.
See Also: Hedge Funds – Risk or Reward?
Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.