Stock research analysts expect Oxford Industries, Inc. (NYSE: OXM) to post earnings per share of $ 0.29 for the current quarter, reports Zacks Investment Research. Four analysts have released estimates for Oxford Industries’ earnings, with the highest EPS estimate at $ 0.32 and the lowest estimate at $ 0.27. 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 release its next quarterly results on Wednesday, December 8th.
According to Zacks, 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 expect the company to post earnings of $ 6.95 per share, with EPS estimates ranging from $ 6.52 to $ 7.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms covering Oxford Industries.
Oxford Industries (NYSE: OXM) last released its quarterly results on Wednesday September 1st. The textile maker reported earnings per share of $ 3.24 for the quarter, beating Zacks’ consensus estimate of $ 2.33 by $ 0.91. Oxford Industries had a return on equity of 18.81% and a net margin of 5.76%. The company had revenue of $ 328.70 million for the quarter, compared to the consensus estimate of $ 308.19 million. For the same quarter last year, the company had earnings per share ($ 0.38). The company’s revenue increased 71.2% year over year for the quarter.
OXM has been the subject of several research analyst reports. TheStreet upgraded Oxford Industries stock from a rating of “c” to a rating of “b” in a report dated Thursday, September 2nd. Zacks Investment Research downgraded Oxford Industries shares from a “strong buy” rating to a “hold” rating in a report on Thursday. Finally, Telsey Advisory Group cut its price target on Oxford Industries shares from $ 120.00 to $ 115.00 and stated a “market performance” for the company in a report on Friday, September 3rd. Four research analysts have given the stock a hold rating and two with a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $ 116.33.
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NYSE OXM’s shares rose $ 1.91 during Friday’s trading hours to hit $ 100.01. The company’s share had a trading volume of 1,163 shares compared to an average volume of 110,756 shares. Oxford Industries has a 12-month low of $ 40.12 and a 12-month high of $ 114.47. The company has a 50-day simple moving average of $ 91.33 and a 200-day simple moving average of $ 92.80. The stock has a market capitalization of $ 1.69 billion, a price / earnings ratio of 29.76, and a beta of 1.75.
The company also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Friday, October 15, received a dividend of $ 0.42. This equates to an annualized dividend of $ 1.68 and a yield of 1.68%. The ex-dividend date of this dividend was Thursday October 14th. Oxford Industries’ payout ratio is currently -92.82%.
Several hedge funds and other institutional investors have recently changed their positions in the company. Deutsche Bank AG increased its position in Oxford Industries stocks by 33.8% in the third quarter. Deutsche Bank AG now owns 14,627 shares in the textile maker, valued at $ 1,319,000, after buying an additional 3,692 shares last quarter. Monarch Partners Asset Management LLC acquired a new stake in Oxford Industries shares in the third quarter valued at approximately $ 9,008,000. Victory Capital Management Inc. increased its stake in Oxford Industries by 2,260.4% in the third quarter. Victory Capital Management Inc. now owns 52,779 shares in the textile maker valued at $ 4,759,000 after purchasing an additional 50,543 shares last quarter. AE Wealth Management LLC bought a new position in Oxford Industries in the 3rd quarter for approximately $ 611,000. Finally, SG Americas Securities LLC bought a new position in Oxford Industries in the 3rd quarter for approximately $ 382,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.
About Oxford Industries
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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