Wall Street stockbrokers predict Oxford Industries, Inc. (NYSE: OXM) will announce earnings of $ 0.29 per share for the current fiscal quarter, Zacks reports. Four analysts have put forward estimates for Oxford Industries’ earnings, with estimates ranging from $ 0.27 to $ 0.32. Oxford Industries reported earnings per share of ($ 0.44) for the same quarter last year, indicating a positive year-over-year growth rate of 165.9%. The company is expected to announce its next earnings report on Wednesday, December 8th.
On average, analysts expect Oxford Industries to post full year earnings of $ 6.68 per share for the current fiscal year, with EPS estimates ranging between $ 6.61 and $ 6.76. For the next fiscal year, analysts predict the company will post earnings of $ 6.95 per share, with EPS estimates ranging between $ 6.52 and $ 7.30. Zacks’ EPS average is an average based on a survey of sell-side analysts who follow Oxford Industries.
Oxford Industries (NYSE: OXM) last released its quarterly results on Wednesday September 1st. The textile maker reported earnings per share (EPS) for the quarter of $ 3.24, beating analysts’ consensus estimate of $ 2.33 by $ 0.91. Oxford Industries had a negative net margin of 0.05% and a positive return on equity of 4.84%. The company had revenue of $ 328.70 million for the quarter, compared to analyst estimates of $ 308.19 million. For the same period last year, the company had earnings per share ($ 0.38). The company’s sales increased 71.2% compared to the same quarter of the previous year.
A number of research analysts recently released reports on the stock. Telsey Advisory Group lowered its price target on shares of Oxford Industries from USD 120.00 to USD 115.00 and raised its price target on shares of Oxford Industries from USD 90.00 to USD 112.00 on Friday the 3rd and rated the company in a report on Thursday, June 10th, as “neutral”. TheStreet raised the shares of Oxford Industries from a “c” rating to a “b” rating in a report dated Thursday, September 2nd. Citigroup raised its price target on Oxford Industries shares from $ 90.00 to $ 112.00 and rated the company as “neutral” in a report dated Thursday June 10th. Finally, KeyCorp raised its price target on Oxford Industries shares from $ 103.00 to $ 135.00 and rated the company as “overweight” in a report dated Thursday June 10th. Three research analysts have given the share a hold rating and three have given it a buy rating. According to data from MarketBeat.com, the stock currently has an average “Buy” rating and a consensus price target of $ 116.33.
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In related news, EVP Scott Grassmyer sold 1,000 shares of the company in a transaction that occurred on Monday, June 21. The shares were sold at an average price of $ 100.54 for a total transaction of $ 100,540.00. Following the transaction, the executive vice president now owns 35,097 shares in the company valued at $ 3,528,652.38. The sale was announced in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Company insiders own 5.80% of the company’s shares.
Institutional investors and hedge funds have recently changed their positions in the stock. Fifth Third Bancorp added 71.8% to its position in Oxford Industries in the first quarter. Fifth Third Bancorp now owns 335 shares in the textile maker, valued at $ 29,000, after buying an additional 140 shares last quarter. Russell Investments Group Ltd. acquired a new position at Oxford Industries worth approximately $ 66,000 in the second quarter. Maverick Capital Ltd. acquired a new position at Oxford Industries in the first quarter valued at approximately $ 73,000. William Blair Investment Management LLC took on a new position at Oxford Industries in the second quarter valued at approximately $ 130,000. Finally, Captrust Financial Advisors increased its position in Oxford Industries by 466.2% in the first quarter. Captrust Financial Advisors now owns 2,259 shares in the textile maker, valued at $ 197,000, after purchasing an additional 1,860 shares last quarter. 79.40% of the shares are currently owned by institutional investors and hedge funds.
Oxford Industries stock opened at $ 89.40 on Thursday. Oxford Industries has a 52-week low of $ 37.89 and a 52-week high of $ 114.47. The company’s 50-day simple moving average is $ 91.78 and the company’s 200-day simple moving average is $ 91.19. The company has a market capitalization of $ 1.51 billion, a price / earnings ratio of -1,788.00, and a beta of 1.82.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors registered on Friday, October 15, will receive a dividend of $ 0.42 per share. This equates to an annualized dividend of $ 1.68 and a dividend yield of 1.88%. The ex-dividend date is Thursday October 14th. Oxford Industries’ payout ratio is -92.82%.
Oxford Industries company profile
Oxford Industries, Inc. is engaged in the design, procurement, marketing and sales of apparel products. Brands include Tommy Bahama, Lilly Pulitzer, Southern Tide and licensed brands for bespoke apparel and golf apparel. The company was founded in 1942 by John Hicks Lanier and Sartain Lanier and is headquartered in Atlanta, GA.
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