Oxford Industries (NYSE:OXM) Posts Earnings Results, Beats Estimates By $0.03 EPS

Oxford Industries (NYSE:OXM) issued its earnings results on Thursday. The textile maker reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.03, Zacks reports. The business had revenue of $394.38 million for the quarter, compared to analyst estimates of $394.55 million. Oxford Industries had a negative net margin of 0.46% and a positive return on equity of 4.97%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. Oxford Industries updated its Q3 2026 guidance to -1.400–1.200 EPS and its FY 2026 guidance to 1.600-2.000 EPS.

Here are the key takeaways from Oxford Industries’ conference call:

• Oxford Industries reported adjusted EPS of $1.34 and adjusted gross-margin expansion of 140 basis points to 63.1%, despite higher promotional activity. Strong operating cash flow and $42 million in tariff refunds helped reduce long-term debt by $70 million sequentially to $73 million.
• Tommy Bahama delivered low single-digit positive comparable sales, including a return to positive comps in Florida, while both men’s and women’s categories grew. Management expects Tommy Bahama to post slightly positive comps for the full year.
• Lilly Pulitzer remained the primary weakness, with assortment and marketing issues—particularly an excessive shift away from entry-price products—hurting demand. Management expects increased targeted promotions through the rest of fiscal 2026, while a substantial assortment reset will not arrive until spring 2027.
• The company lowered its full-year outlook, now expecting a low single-digit negative comparable-sales decline, revenue of $1.43 billion to $1.47 billion, and adjusted EPS of $1.60 to $2.00, versus $2.11 in fiscal 2025.
• Johnny Was made progress on its turnaround, significantly increasing EBITDA through better inventory management, fewer promotions, and tighter expense control. Oxford also began a broader margin-improvement review involving distribution, technology, store locations, and operating simplification, with further details expected in December.

Oxford Industries Stock Performance

NYSE:OXM opened at $31.22 on Friday. The stock has a market capitalization of $466.11 million, a P/E ratio of -61.21 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. Oxford Industries has a 1 year low of $28.20 and a 1 year high of $51.61. The firm has a 50 day moving average of $37.31 and a 200-day moving average of $39.16.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $0.70 dividend. The ex-dividend date is Friday, October 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.0%. Oxford Industries’s payout ratio is -106.06%.

Insider Activity at Oxford Industries

In other Oxford Industries news, CEO Thomas Chubb, III bought 2,500 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of $36.90 per share, for a total transaction of $92,250.00. Following the completion of the purchase, the chief executive officer owned 30,200 shares in the company, valued at $1,114,380. This represents a 9.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Oxford Industries by 55.4% during the 4th quarter. Invesco Ltd. now owns 170,070 shares of the textile maker’s stock worth $5,816,000 after acquiring an additional 60,618 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Oxford Industries by 130.3% in the fourth quarter. XTX Topco Ltd now owns 48,730 shares of the textile maker’s stock worth $1,667,000 after acquiring an additional 27,569 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Oxford Industries by 19.2% during the fourth quarter. Wellington Management Group LLP now owns 292,956 shares of the textile maker’s stock worth $10,019,000 after purchasing an additional 47,274 shares in the last quarter. SummitTX Capital L.P. lifted its position in shares of Oxford Industries by 52.6% during the fourth quarter. SummitTX Capital L.P. now owns 8,440 shares of the textile maker’s stock worth $289,000 after purchasing an additional 2,908 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $203,000. Institutional investors own 91.16% of the company’s stock.

Key Stories Impacting Oxford Industries

Here are the key news stories impacting Oxford Industries this week:

• Positive Sentiment: Adjusted earnings beat estimates: Second-quarter adjusted EPS rose to $1.34 from $1.26 a year earlier, slightly above the roughly $1.31-$1.32 consensus. Tommy Bahama sales increased 0.8%, while the company generated $97 million in operating cash flow during the first half and reduced borrowings to $73 million. OXM Q2 Deep Dive: Guidance Cut as Lilly Pulitzer Weighs on Mixed Portfolio
• Positive Sentiment: Dividend maintained: OXM declared a quarterly dividend of $0.70 per share, payable October 30 to shareholders of record October 16, supporting the stock’s income appeal. Oxford Second Quarter Results
• Neutral Sentiment: Analyst targets moved lower: Citigroup cut its price target to $33 from $36 and retained a Neutral rating, while Telsey Advisory lowered its target to $35 from $44 and kept a Market Perform rating. The revisions reflect reduced expectations rather than a bullish change in sentiment. Telsey Advisory Adjusts Price Target
• Negative Sentiment: Full-year guidance was cut: OXM now expects fiscal 2026 adjusted EPS of $1.60-$2.00, below the prior consensus of $2.61 and below fiscal 2025’s $2.11. Revenue guidance of $1.43-$1.47 billion also implies a decline from the prior year. Third-quarter adjusted EPS is expected to be a loss of $1.20-$1.40, with revenue of $280-$300 million versus $307 million a year earlier. Oxford Industries Cuts Annual Outlook
• Negative Sentiment: Portfolio weakness outweighed the earnings beat: Consolidated sales fell 2.2% to $394.4 million. Lilly Pulitzer sales dropped 5.6% and Johnny Was sales declined 8.8%; management cited product, marketing, and macroeconomic consumer challenges. The company plans heavier promotions at Lilly Pulitzer, which could pressure future margins. Reported GAAP EPS also benefited from a $42 million tariff refund, making the headline profit improvement less representative of recurring performance. Oxford Industries Stumbles as Lilly Pulitzer Sales Weigh

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OXM. Weiss Ratings restated a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. BTIG Research reissued a “neutral” rating on shares of Oxford Industries in a report on Friday. Truist Financial cut their target price on Oxford Industries from $40.00 to $33.00 and set a “hold” rating for the company in a research report on Friday. Finally, Telsey Advisory Group decreased their price target on Oxford Industries from $44.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oxford Industries presently has an average rating of “Reduce” and a consensus target price of $35.25.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.