Oxford Industries (NYSE:OXM) Posts Earnings Results, Beats Expectations By $0.03 EPS

Oxford Industries (NYSE:OXM) released its quarterly earnings data on Thursday. The textile maker reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03, Zacks reports. Oxford Industries had a positive return on equity of 4.55% and a negative net margin of 2.65%.

Oxford Industries Trading Down 3.0%

Shares of Oxford Industries stock traded down $1.15 during trading hours on Thursday, hitting $36.59. The company’s stock had a trading volume of 462,869 shares, compared to its average volume of 369,035. Oxford Industries has a twelve month low of $30.57 and a twelve month high of $51.61. The firm has a fifty day moving average of $37.37 and a 200-day moving average of $39.23. The stock has a market cap of $546.33 million, a price-to-earnings ratio of -13.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 1.17.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a $0.70 dividend. The ex-dividend date was Friday, July 17th. This represents a $2.80 dividend on an annualized basis and a yield of 7.7%. Oxford Industries’s payout ratio is currently -106.06%.

Analysts Set New Price Targets

OXM has been the subject of a number of recent research reports. Wall Street Zen raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup upped their price objective on shares of Oxford Industries from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, June 16th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $51.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $40.00.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Thomas Caldecot Chubb III acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $36.90 per share, with a total value of $92,250.00. Following the transaction, the chief executive officer owned 30,200 shares of the company’s stock, valued at $1,114,380. This trade represents a 9.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in Oxford Industries during the third quarter worth about $38,000. BNP Paribas Financial Markets raised its stake in shares of Oxford Industries by 44.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 466 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Oxford Industries by 127.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 1,014 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Oxford Industries by 700.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the textile maker’s stock worth $161,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.