Oxford Industries (NYSE:OXM) Releases Quarterly Earnings Results

Oxford Industries (NYSE:OXM) issued its quarterly earnings data on Thursday. The textile maker reported $1.90 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 for the quarter, compared to analysts’ expectations of $408.28 million. Oxford Industries had a return on equity of 27.89% and a net margin of 9.86%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS.

Oxford Industries Stock Down 0.1 %

Shares of NYSE OXM opened at $112.40 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 11.78 and a beta of 1.59. 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 firm’s fifty day moving average is $101.39 and its 200 day moving average is $96.64. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88.

Analyst Ratings Changes

OXM has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and set a $102.00 price objective on shares of Oxford Industries in a research report on Monday. UBS Group upped their target price on Oxford Industries from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.20.

Institutional Investors Weigh In On Oxford Industries

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after purchasing an additional 1,475 shares during the last quarter. Bank of Montreal Can lifted its holdings in Oxford Industries by 5.8% in the 1st quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after buying an additional 286 shares during the period. MetLife Investment Management LLC grew its position 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 worth $782,000 after buying an additional 3,323 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Oxford Industries by 2.9% during the first quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock valued at $4,205,000 after acquiring an additional 1,311 shares in 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 acquiring an additional 1,685 shares during the period. Institutional investors 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.