Wall Street analysts expect Oxford Industries Inc (NYSE:OXM) to post sales of $307.98 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Oxford Industries’ earnings. The highest sales estimate is $310.05 million and the lowest is $305.20 million. Oxford Industries posted sales of $302.64 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The firm is expected to announce its next earnings report on Wednesday, September 11th.
On average, analysts expect that Oxford Industries will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts expect that the company will post sales of $1.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.09. Oxford Industries had a return on equity of 15.62% and a net margin of 6.03%. The company had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. During the same quarter last year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.
Several equities research analysts recently issued reports on OXM shares. Zacks Investment Research lowered Oxford Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Citigroup started coverage on Oxford Industries in a report on Tuesday, April 16th. They set a “buy” rating on the stock. Finally, Telsey Advisory Group dropped their price target on Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Oxford Industries currently has an average rating of “Buy” and a consensus target price of $89.29.
Several hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in Oxford Industries by 132.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 391 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 223 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Oxford Industries during the 4th quarter worth approximately $41,000. Quadrant Capital Group LLC lifted its holdings in Oxford Industries by 5,146.2% during the 1st quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock worth $50,000 after buying an additional 669 shares in the last quarter. HRT Financial LLC purchased a new stake in shares of Oxford Industries in the 4th quarter valued at approximately $204,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Oxford Industries in the 4th quarter valued at $209,000. 92.66% of the stock is owned by institutional investors and hedge funds.
NYSE:OXM traded up $0.40 during trading hours on Tuesday, reaching $74.98. The stock had a trading volume of 5,322 shares, compared to its average volume of 189,649. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. Oxford Industries has a 12-month low of $63.50 and a 12-month high of $97.19. The company has a market capitalization of $1.17 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.51 and a beta of 0.48.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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