$289.85 Million in Sales Expected for Oxford Industries, Inc. (OXM) This Quarter
Analysts expect Oxford Industries, Inc. (NYSE:OXM) to report $289.85 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Oxford Industries’ earnings, with the lowest sales estimate coming in at $288.20 million and the highest estimate coming in at $291.40 million. Oxford Industries posted sales of $283.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The firm is expected to report its next earnings results after the market closes on Thursday, August 31st.
According to Zacks, analysts expect that Oxford Industries will report full year sales of $289.85 million for the current fiscal year, with estimates ranging from $1.08 billion to $1.10 billion. For the next year, analysts expect that the business will post sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The company had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $273.40 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. Oxford Industries’s quarterly revenue was up 6.3% on a year-over-year basis.
A number of brokerages have issued reports on OXM. B. Riley reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research note on Monday, June 5th. FBR & Co set a $75.00 target price on Oxford Industries and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Telsey Advisory Group raised their target price on Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $71.33.
Several hedge funds have recently modified their holdings of the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Oxford Industries during the first quarter worth about $106,000. Pinebridge Investments L.P. increased its stake in shares of Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue increased 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 worth $185,000 after buying an additional 1,316 shares during the last quarter. Mason Street Advisors LLC increased 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 worth $200,000 after buying an additional 229 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Oxford Industries during the second quarter worth about $202,000. 86.61% of the stock is owned by hedge funds and other institutional investors.
Oxford Industries (NYSE:OXM) traded down 1.08% on Monday, reaching $57.81. 290,036 shares of the company’s stock traded hands. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The stock has a market capitalization of $971.79 million, a price-to-earnings ratio of 19.47 and a beta of 0.40. The firm has a 50-day moving average price of $61.00 and a 200-day moving average price of $58.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.87%. Oxford Industries’s payout ratio is 36.36%.
About Oxford Industries
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oxford Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.