Equities analysts predict that Oxford Industries (NYSE:OXM) will report sales of $273.79 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Oxford Industries’ earnings. The lowest sales estimate is $272.90 million and the highest is $275.10 million. Oxford Industries posted sales of $272.36 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.5%. The business is expected to announce its next earnings report on Tuesday, June 5th.
On average, analysts expect that Oxford Industries will report full year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next fiscal year, analysts expect that the business will post sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, March 28th. The textile maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Oxford Industries had a net margin of 5.99% and a return on equity of 15.02%. The business had revenue of $293.00 million for the quarter, compared to the consensus estimate of $293.19 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis.
A number of research analysts have recently issued reports on OXM shares. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. SunTrust Banks set a $90.00 price objective on shares of Oxford Industries and gave the stock a “buy” rating in a research report on Thursday, March 29th. DA Davidson raised shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Thursday, January 4th. Finally, Citigroup reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Oxford Industries in a research report on Wednesday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $83.33.
In other Oxford Industries news, CFO Scott Grassmyer sold 4,665 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $77.65, for a total transaction of $362,237.25. Following the sale, the chief financial officer now owns 36,440 shares of the company’s stock, valued at approximately $2,829,566. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Caldecot Chubb III sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $76.97, for a total transaction of $269,395.00. Following the sale, the chief executive officer now directly owns 114,514 shares in the company, valued at approximately $8,814,142.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,165 shares of company stock worth $1,016,482. 3.29% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its position in Oxford Industries by 2.7% during the 4th quarter. Teachers Advisors LLC now owns 29,519 shares of the textile maker’s stock worth $2,220,000 after purchasing an additional 775 shares during the last quarter. New Amsterdam Partners LLC NY lifted its stake in Oxford Industries by 3.0% during the 4th quarter. New Amsterdam Partners LLC NY now owns 26,917 shares of the textile maker’s stock valued at $2,024,000 after acquiring an additional 781 shares during the period. First Trust Advisors LP lifted its stake in Oxford Industries by 3.1% during the 4th quarter. First Trust Advisors LP now owns 27,298 shares of the textile maker’s stock valued at $2,053,000 after acquiring an additional 830 shares during the period. American International Group Inc. lifted its stake in Oxford Industries by 7.7% during the 3rd quarter. American International Group Inc. now owns 13,086 shares of the textile maker’s stock valued at $831,000 after acquiring an additional 939 shares during the period. Finally, Verition Fund Management LLC lifted its stake in Oxford Industries by 33.2% during the 4th quarter. Verition Fund Management LLC now owns 5,122 shares of the textile maker’s stock valued at $385,000 after acquiring an additional 1,277 shares during the period. 87.89% of the stock is currently owned by institutional investors.
Shares of Oxford Industries stock traded down $0.69 on Monday, reaching $76.25. The stock had a trading volume of 91,297 shares, compared to its average volume of 156,693. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.11. Oxford Industries has a 1 year low of $52.62 and a 1 year high of $84.32. The company has a market cap of $1,295.15, a P/E ratio of 20.83, a PEG ratio of 1.68 and a beta of 0.35.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 20th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, April 19th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.27. Oxford Industries’s payout ratio is currently 37.16%.
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About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned brands, and licensed and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and 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.
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