$289.73 Million in Sales Expected for Oxford Industries, Inc. (NYSE:OXM) This Quarter
Analysts predict that Oxford Industries, Inc. (NYSE:OXM) will report $289.73 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Oxford Industries’ earnings, with estimates ranging from $288.20 million to $291.40 million. Oxford Industries posted sales of $283.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings report on Wednesday, August 30th.
On average, analysts expect that Oxford Industries will report full-year sales of $289.73 million for the current year, with estimates ranging from $1.08 billion to $1.10 billion. For the next financial year, analysts forecast that the business will report sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $272.40 million during the quarter, compared to the consensus estimate of $273.40 million. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS.
Several analysts recently commented on OXM shares. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. BidaskClub upgraded Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. B. Riley reiterated a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research report on Saturday, June 10th. Needham & Company LLC started coverage on Oxford Industries in a research report on Tuesday, July 18th. They set a “buy” rating and a $68.00 price target for the company. Finally, Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $71.33.
Hedge funds have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Oxford Industries during the first quarter valued at about $106,000. State of Alaska Department of Revenue boosted its stake in shares of Oxford Industries by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after buying an additional 1,316 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock valued at $200,000 after buying an additional 229 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Oxford Industries during the first quarter valued at about $228,000. Finally, Turner Investments LLC bought a new stake in shares of Oxford Industries during the second quarter valued at about $250,000. Institutional investors own 89.20% of the company’s stock.
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Oxford Industries (NYSE:OXM) traded down 1.25% on Thursday, hitting $60.74. The stock had a trading volume of 46,007 shares. The company has a market cap of $1.02 billion, a PE ratio of 20.46 and a beta of 0.40. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The company has a 50-day moving average of $61.85 and a 200 day moving average of $57.55.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, July 12th. Oxford Industries’s payout ratio is currently 36.36%.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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