According to Zacks Investment Research, stock analysts predict that Oxford Industries, Inc. (NYSE: OXM) will report revenues of $ 227.69 million for the current quarter. Four analysts have provided estimates for Oxford Industries’ earnings, with the lowest sales estimate being $ 224.10 million and the highest being estimated at $ 231.40 million. Oxford Industries reported revenue of $ 175.14 million for the year-ago quarter, indicating a positive year-over-year growth rate of 30%. The company is expected to release its next quarterly results on Wednesday, December 8th.
On average, analysts expect Oxford Industries to post total annual sales of US $ 1.10 billion for the current fiscal year. For the next year, analysts are forecasting revenue of $ 1.13 billion, with estimates ranging between $ 1.10 billion and $ 1.16 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts covering Oxford Industries.
Oxford Industries (NYSE: OXM) last released its quarterly results on Wednesday September 1st. The textile maker reported $ 3.24 EPS for the quarter, beating Zacks’ consensus estimate of $ 2.33 by $ 0.91. The company had revenue of $ 328.70 million for the quarter, compared to analyst estimates of $ 308.19 million. Oxford Industries had a negative net margin of 0.05% and a positive return on equity of 4.84%. The company’s revenue increased 71.2% for the quarter compared to the same quarter last year. For the same period last year, the company had earnings per share ($ 0.38).
A number of stock analysts have rated the stock. Telsey Advisory Group lowered its target price on Oxford Industries shares from $ 120.00 to $ 115.00 and added on Friday the 3rd. TheStreet announced the shares of Oxford Industries in a research note on Thursday, September 2nd, raised from a rating of “c” to a rating of “b”. Citigroup raised its price target for shares in Oxford Industries from USD 90.00 to USD 112.00 and gave the shares a “neutral” research rating on Thursday, June 10th. Zacks Investment Research upgraded Oxford Industries shares from a “hold” rating to a “buy” rating and a research release issued on Thursday, August 26th with a price target of $ 104.00 for the company. Finally, it raised its price target on Oxford Industries stock from $ 90.00 to $ 112.00 and gave the stock a “neutral” rating in a research note on Thursday, June 10th. Three investment analysts have rated the stock with a hold rating and three with a buy rating. According to data from MarketBeat, the stock currently has an average “Buy” rating and an average price target of $ 116.33.
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NYSE: OXM opened at $ 89.00 on Friday. The company has a market cap of $ 1.50 billion, a P / E of -1,780.00, and a beta of 1.82. Oxford Industries has a 12-month low of $ 37.89 and a 12-month high of $ 114.47. The company’s 50-day moving average price is $ 91.45 and the 200-day moving average price is $ 91.26.
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 annual dividend of $ 1.68 and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday October 14th. Oxford Industries’ dividend payout ratio (DPR) is -92.82%.
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. Upon completion of the sale, the executive vice president now directly owns 35,097 shares in the company valued at $ 3,528,652.38. The transaction was announced in a legal filing with the SEC, which is available at this link. Insiders own 5.80% of the company’s stock.
A number of major investors recently changed their holdings in OXM. BlackRock Inc. increased its stake in Oxford Industries shares by 4.1% in the first quarter. BlackRock Inc. now owns 3,030,823 shares in the textile maker valued at $ 264,954,000 after purchasing an additional 120,263 shares during the period. Vanguard Group Inc. increased its stake in Oxford Industries shares by 5.0% in the second quarter. Vanguard Group Inc. now owns 1,767,841 shares in the textile maker valued at $ 174,734,000 after purchasing an additional 84,821 shares during the reporting period. Maryland LLC’s investment counselors increased their holdings in Oxford Industries shares by 3.3% in the first quarter. Investment Counselors of Maryland LLC now owns 628,725 shares of the textile maker valued at $ 54,963,000 after purchasing an additional 20,102 shares during the reporting period. State Street Corp increased its stake in Oxford Industries shares 1.4% in the second quarter. State Street Corp now owns 543,232 shares in the textile maker valued at $ 53,693,000 after purchasing an additional 7,545 shares during the reporting period. Finally, GW&K Investment Management LLC increased its stake in Oxford Industries shares by 0.9% in the first quarter. GW&K Investment Management LLC now owns 372,937 shares in the textile maker valued at $ 32,602,000 after purchasing an additional 3,364 shares during the period. 79.40% of the shares are owned by hedge funds and other institutional investors.
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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