Wall Street brokerages expect Oxford Industries, Inc. (NYSE:OXM) to announce sales of $217.02 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Oxford Industries’ earnings. The lowest sales estimate is $216.76 million and the highest is $217.10 million. Oxford Industries reported sales of $297.60 million in the same quarter last year, which would suggest a negative year over year growth rate of 27.1%. The business is scheduled to announce its next earnings results on Thursday, March 25th.
According to Zacks, analysts expect that Oxford Industries will report full-year sales of $744.51 million for the current year, with estimates ranging from $744.23 million to $744.60 million. For the next year, analysts forecast that the business will report sales of $957.15 million, with estimates ranging from $867.09 million to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 8th. The textile maker reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.10) by $0.66. Oxford Industries had a negative net margin of 8.26% and a negative return on equity of 2.98%. The business had revenue of $175.14 million during the quarter, compared to analyst estimates of $164.42 million. During the same period last year, the firm posted $0.10 EPS. The company’s revenue was down 27.4% on a year-over-year basis.
A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of Oxford Industries from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 10th. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $53.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, December 10th. Zacks Investment Research lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Wednesday, February 10th. Finally, B. Riley raised their target price on shares of Oxford Industries from $70.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.80.
OXM traded up $0.37 during trading on Thursday, reaching $76.95. 1,710 shares of the company traded hands, compared to its average volume of 93,782. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.64 and a current ratio of 1.49. Oxford Industries has a 12-month low of $30.37 and a 12-month high of $77.17. The firm has a fifty day simple moving average of $70.84 and a 200 day simple moving average of $55.04. The company has a market cap of $1.30 billion, a P/E ratio of -18.63 and a beta of 1.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Friday, January 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, January 14th. Oxford Industries’s dividend payout ratio (DPR) is presently 23.15%.
Hedge funds have recently bought and sold shares of the stock. Veriti Management LLC purchased a new position in shares of Oxford Industries in the fourth quarter valued at $60,000. Point72 Hong Kong Ltd purchased a new position in Oxford Industries during the third quarter worth $48,000. Advisor Partners LLC purchased a new position in Oxford Industries during the fourth quarter worth $209,000. Walleye Capital LLC purchased a new position in Oxford Industries during the fourth quarter worth $231,000. Finally, Hancock Whitney Corp purchased a new position in Oxford Industries during the fourth quarter worth $246,000. 87.39% of the stock is owned by hedge funds and other institutional investors.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private label 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 and youth products under the Southern Tide brand.
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