July 1, 2022
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Equities analysts are predicting that Oxford Industries, Inc. (NYSE:OXM) will report revenue of $295.28 million for the current quarter, reports Zacks Investment Research. Four analysts have issued estimates for Oxford Industries’ earnings, with the highest revenue estimate at $300.60 million and the lowest estimate at $290.20 million. Oxford Industries posted revenue of $221.37 million for the same quarter last year, indicating a positive growth rate of 33.4% year over year. The company is expected to release its next quarterly earnings report on Thursday, March 24th.

On average, analysts expect Oxford Industries to report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.14 billion. For next year, analysts are forecasting sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.19 billion. Zacks Investment Research’s revenue calculations are an average based on a survey of sell-side research firms covering Oxford Industries.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, December 8th. The clothing maker reported earnings per share (EPS) of $1.19 for the quarter, beating Thomson Reuters’ consensus estimate of $0.29 by $0.90. Oxford Industries had a net margin of 8.81% and a return on equity of 24.09%. The company had revenue of $247.73 million for the quarter, compared to analyst estimates of $227.69 million. In the same quarter last year, the company posted ($0.44) EPS. Oxford Industries’ quarterly sales rose 41.5% compared to the same quarter last year.

Several equity analysts have recently commented on OXM stock. Zacks Investment Research upgraded shares of Oxford Industries from a ‘hold’ rating to a ‘buy’ rating and on Saturday 11th B. Riley reiterated a ‘buy’ in a research note on Thursday 9th December “-Rating for shares of Oxford Industries. Three research analysts have assigned a hold rating to the stock and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “buy” and an average price target of $117.83.

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In other news, Director Dennis M. Love sold 2,030 shares of the stock in a transaction on Tuesday, December 21st. The stock sold at an average price of $95.94 for a total transaction of $194,758.20. The sale was disclosed in a document filed with the SEC, available at this link. Company insiders own 5.80% of the company’s shares.

A number of hedge funds and other institutional investors have recently changed their positions in this business. Russell Investments Group Ltd. acquired a new position in Oxford Industries stock valued at $66,000 during the second quarter. William Blair Investment Management LLC bought a new position in Oxford Industries stock valued at around $130,000 during the second quarter. Dark Forest Capital Management LP increased its position in Oxford Industries shares by 768.6% during the third quarter. Dark Forest Capital Management LP now owns 1,468 shares of the textile manufacturer’s stock valued at $132,000 after purchasing an additional 1,299 shares last quarter. Diversified Trust Co acquired a new stake in Oxford Industries stock valued at approximately $203,000 during the fourth quarter. Finally, during the second quarter, AQR Capital Management LLC acquired a new position in Oxford Industries valued at approximately $204,000. 83.17% of the shares are currently owned by hedge funds and other institutional investors.

Oxford Industries shares opened at $89.72 on Wednesday. The company has a market cap of $1.52 billion, a P/E of 16.17 and a beta of 1.72. The company has a 50-day simple moving average of $98.25 and a 200-day simple moving average of $94.29. Oxford Industries has a 12-month low of $63.77 and a 12-month high of $114.47.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 28th. Shareholders of record on Friday, January 14 will receive a dividend of $0.42. The ex-dividend date is Thursday 13th January. That equates to a dividend of $1.68 on an annualized basis and a dividend yield of 1.87%. Oxford Industries’ dividend payout ratio (DPR) is 30.27%.

About Oxford Industries

Oxford Industries, Inc is engaged in the design, sourcing, marketing and distribution of apparel products. Brands include Tommy Bahama, Lilly Pulitzer, Southern Tide and licensed brands of custom 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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Oxford Industries (NYSE:OXM) Earnings History and Estimates

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