Oxford Industries (NYSE:OXM) Issues Q1 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its first quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.600-2.800 for the period, compared to the consensus EPS estimate of 3.580. The company issued revenue guidance of $395.0 million-$415.0 million, compared to the consensus revenue estimate of $419.2 million. Oxford Industries also updated its FY 2024 guidance to 9.300-9.700 EPS.

Analyst Ratings Changes

Several research firms recently issued reports on OXM. Telsey Advisory Group restated a market perform rating and issued a $102.00 target price on shares of Oxford Industries in a report on Monday. UBS Group boosted their target price on shares of Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a report on Tuesday, March 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $103.20.

Oxford Industries Stock Down 0.1 %

Shares of NYSE OXM traded down $0.07 during trading on Thursday, hitting $112.40. 298,588 shares of the company traded hands, compared to its average volume of 174,246. The business’s fifty day moving average is $101.06 and its 200 day moving average is $96.53. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $113.88. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.78 and a beta of 1.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.63 and a current ratio of 1.37.

Institutional Investors Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Oxford Industries by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,726 shares of the textile maker’s stock worth $673,000 after acquiring an additional 383 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Oxford Industries by 10.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,307 shares of the textile maker’s stock worth $331,000 after acquiring an additional 313 shares during the last quarter. Barclays PLC raised its holdings in shares of Oxford Industries by 154.5% in the 4th quarter. Barclays PLC now owns 28,865 shares of the textile maker’s stock worth $2,888,000 after acquiring an additional 17,523 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Oxford Industries by 3.6% in the 4th quarter. Nuveen Asset Management LLC now owns 42,108 shares of the textile maker’s stock worth $4,211,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Oberweis Asset Management Inc. raised its holdings in shares of Oxford Industries by 4.3% in the 4th quarter. Oberweis Asset Management Inc. now owns 31,500 shares of the textile maker’s stock worth $3,150,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

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; 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; and men, women, and kids products under the Southern Tide brand.