Oxford Industries (NYSE:OXM) Updates FY 2021 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.450-$6.700 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.220. The company issued revenue guidance of $1.09 billion-$1.11 billion, compared to the consensus revenue estimate of $1.05 billion.Oxford Industries also updated its Q3 2021 guidance to $0.200-$0.300 EPS.

NYSE OXM traded up $1.53 during trading hours on Friday, reaching $89.62. The company had a trading volume of 119,356 shares, compared to its average volume of 113,638. The stock has a 50-day moving average of $89.50 and a 200 day moving average of $91.82. Oxford Industries has a 1-year low of $37.89 and a 1-year high of $114.47. The stock has a market capitalization of $1.51 billion, a P/E ratio of 26.59 and a beta of 1.83.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 1st. The textile maker reported $3.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.91. The company had revenue of $328.70 million for the quarter, compared to analysts’ expectations of $308.19 million. Oxford Industries had a net margin of 5.76% and a return on equity of 18.81%. Oxford Industries’s revenue for the quarter was up 71.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.38) earnings per share. As a group, research analysts forecast that Oxford Industries will post 6.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Friday, October 15th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, October 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. Oxford Industries’s dividend payout ratio is presently -92.82%.

Several analysts recently weighed in on the stock. B. Riley raised their target price on shares of Oxford Industries from $106.00 to $120.00 and gave the company a buy rating in a report on Thursday, June 10th. raised their target price on shares of Oxford Industries from $90.00 to $112.00 and gave the company a neutral rating in a report on Thursday, June 10th. KeyCorp raised their target price on shares of Oxford Industries from $103.00 to $135.00 and gave the company an overweight rating in a report on Thursday, June 10th. Zacks Investment Research raised shares of Oxford Industries from a hold rating to a buy rating and set a $104.00 target price on the stock in a report on Thursday, August 26th. Finally, Telsey Advisory Group dropped their price target on shares of Oxford Industries from $120.00 to $115.00 and set a market perform rating on the stock in a research note on Friday, September 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of $116.33.

A hedge fund recently raised its stake in Oxford Industries stock. Morgan Stanley raised its holdings in Oxford Industries, Inc. (NYSE:OXM) by 100.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,443 shares of the textile maker’s stock after acquiring an additional 43,420 shares during the quarter. Morgan Stanley owned 0.51% of Oxford Industries worth $8,545,000 as of its most recent filing with the SEC. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Industries

Oxford Industries, Inc engages in the design, sourcing, marketing, and distribution of apparel products. Its brands include Tommy Bahama, Lilly Pulitzer, Southern Tide, and licensed brands of tailored clothing and golf apparel. The company was founded by John Hicks Lanier and Sartain Lanier in 1942 and is headquartered in Atlanta, GA.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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