Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.000-0.200 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $310.0 million-$325.0 million, compared to the consensus revenue estimate of $352.5 million. Oxford Industries also updated its FY25 guidance to $7.00-7.30 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Oxford Industries from $101.00 to $91.00 and set a neutral rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group restated a market perform rating and set a $110.00 target price on shares of Oxford Industries in a report on Thursday, September 5th. Finally, Citigroup decreased their price objective on shares of Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $100.60.

Oxford Industries Trading Up 0.3 %

OXM stock traded up $0.29 during midday trading on Wednesday, hitting $83.66. 828,349 shares of the company’s stock were exchanged, compared to its average volume of 246,889. Oxford Industries has a one year low of $80.83 and a one year high of $113.88. The stock’s fifty day moving average price is $93.59 and its 200-day moving average price is $101.20. The company has a market cap of $1.31 billion, a PE ratio of 33.85 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.04). The firm had revenue of $398.18 million during the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 EPS. Research analysts predict that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Thomas E. Campbell sold 17,540 shares of Oxford Industries stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now directly owns 24,865 shares in the company, valued at $2,484,262.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.