Oxford Industries (NYSE:OXM) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Oxford Industries (NYSE:OXM) released its quarterly earnings data on Thursday. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.02), Briefing.com reports. The business had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. Oxford Industries had a net margin of 9.86% and a return on equity of 27.89%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.28 earnings per share.

Oxford Industries Price Performance

OXM stock traded down $0.07 during trading on Friday, reaching $112.40. The company’s stock had a trading volume of 308,268 shares, compared to its average volume of 239,035. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.76 billion, a P/E ratio of 11.78 and a beta of 1.59. The company’s fifty day moving average is $101.39 and its 200-day moving average is $96.64.

Institutional Investors Weigh In On Oxford Industries

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Oxford Industries by 52.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock valued at $388,000 after purchasing an additional 1,475 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Oxford Industries by 5.8% in the 1st quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock valued at $488,000 after acquiring an additional 286 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Oxford Industries by 62.5% in the 1st quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock valued at $782,000 after acquiring an additional 3,323 shares during the last quarter. Rhumbline Advisers lifted its stake in Oxford Industries by 2.9% in the first quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock worth $4,205,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Oxford Industries by 14.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock worth $1,239,000 after purchasing an additional 1,685 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OXM shares. UBS Group increased their price target on Oxford Industries from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Telsey Advisory Group reissued a “market perform” rating and set a $102.00 price target on shares of Oxford Industries in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.20.

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.