Oxford Industries (NYSE:OXM) released its earnings results on Tuesday. The textile maker reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05, Bloomberg Earnings reports. The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $242.98 million. Oxford Industries had a return on equity of 14.40% and a net margin of 4.83%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. Oxford Industries updated its FY18 guidance to $3.55-3.70 EPS.
Shares of Oxford Industries (OXM) opened at $72.05 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 0.70. The firm has a market capitalization of $1,113.60, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.83 and a beta of 0.39. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $73.62.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is 35.41%.
Several equities analysts have commented on OXM shares. FBR & Co reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a research report on Tuesday, September 12th. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Friday, September 15th. Needham & Company LLC cut their price objective on Oxford Industries from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a research report on Tuesday, October 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.80.
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Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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