Wall Street brokerages predict that Oxford Industries Inc (NYSE:OXM) will report $177.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Oxford Industries’ earnings. The highest sales estimate is $190.20 million and the lowest is $155.90 million. Oxford Industries posted sales of $281.97 million during the same quarter last year, which suggests a negative year-over-year growth rate of 36.9%. The firm is scheduled to issue its next earnings report on Wednesday, June 10th.
According to Zacks, analysts expect that Oxford Industries will report full-year sales of $921.99 million for the current year, with estimates ranging from $864.50 million to $969.56 million. For the next year, analysts expect that the company will post sales of $1.04 billion, with estimates ranging from $903.10 million to $1.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 26th. The textile maker reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). Oxford Industries had a net margin of 6.10% and a return on equity of 14.23%. The company had revenue of $297.60 million during the quarter, compared to the consensus estimate of $306.75 million. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis.
In other news, Director Clyde C. Tuggle purchased 2,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average price of $35.72 per share, for a total transaction of $71,440.00. Following the completion of the acquisition, the director now owns 10,023 shares in the company, valued at $358,021.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in OXM. Mason Street Advisors LLC raised its stake in shares of Oxford Industries by 2.7% in the fourth quarter. Mason Street Advisors LLC now owns 5,933 shares of the textile maker’s stock worth $447,000 after purchasing an additional 154 shares during the last quarter. Amalgamated Bank grew its holdings in Oxford Industries by 7.6% during the fourth quarter. Amalgamated Bank now owns 3,013 shares of the textile maker’s stock valued at $227,000 after purchasing an additional 212 shares during the period. Envestnet Asset Management Inc. grew its holdings in Oxford Industries by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,009 shares of the textile maker’s stock valued at $529,000 after purchasing an additional 233 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Oxford Industries by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 71,242 shares of the textile maker’s stock worth $5,373,000 after acquiring an additional 271 shares during the period. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Oxford Industries by 0.4% in the fourth quarter. Great Lakes Advisors LLC now owns 63,711 shares of the textile maker’s stock worth $4,805,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 94.79% of the company’s stock.
Shares of NYSE OXM traded up $2.07 during trading on Wednesday, reaching $45.66. The company had a trading volume of 313,400 shares, compared to its average volume of 140,065. The company’s fifty day moving average price is $39.18 and its 200-day moving average price is $59.21. Oxford Industries has a 12 month low of $30.37 and a 12 month high of $80.55. The stock has a market cap of $661.19 million, a P/E ratio of 11.27 and a beta of 1.20. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.55.
The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.00 annualized dividend and a yield of 2.19%. Oxford Industries’s payout ratio is currently 23.15%.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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