Oxford Industries (NYSE:OXM – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.300-9.700 for the period, compared to the consensus estimate of 10.260. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Oxford Industries also updated its FY25 guidance to $9.30-9.70 EPS.
Analyst Upgrades and Downgrades
OXM has been the subject of a number of research analyst reports. UBS Group raised their target price on Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a research note on Tuesday, March 19th. Telsey Advisory Group reissued a market perform rating and issued a $102.00 target price on shares of Oxford Industries in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $103.20.
Check Out Our Latest Stock Report on OXM
Oxford Industries Stock Down 0.1 %
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Oxford Industries in the fourth quarter worth about $25,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Oxford Industries during the 4th quarter worth about $35,000. Quarry LP boosted its position in Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after purchasing an additional 307 shares in the last quarter. UBS Group AG increased its holdings in Oxford Industries by 51.4% in the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock worth $45,000 after acquiring an additional 170 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Oxford Industries by 154.2% during the 4th quarter. State of Wyoming now owns 943 shares of the textile maker’s stock worth $88,000 after purchasing an additional 572 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
Oxford Industries Company Profile
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.
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