Oxford Industries Inc. (OXM) Expected to Post Q3 2017 Earnings of ($0.01) Per Share
Oxford Industries Inc. (NYSE:OXM) – Equities research analysts at Credit Agricole SA issued their Q3 2017 earnings estimates for shares of Oxford Industries in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst R. Patel anticipates that the firm will post earnings per share of ($0.01) for the quarter. Credit Agricole SA has a “Outperform” rating and a $78.00 price objective on the stock. Credit Agricole SA also issued estimates for Oxford Industries’ Q4 2017 earnings at $1.06 EPS, FY2017 earnings at $3.78 EPS, FY2018 earnings at $4.26 EPS and FY2019 earnings at $4.80 EPS.
OXM has been the topic of several other reports. Telsey Advisory Group cut their price objective on shares of Oxford Industries from $80.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 8th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Saturday, September 17th. B. Riley reissued a “buy” rating and set a $75.00 price objective on shares of Oxford Industries in a research report on Sunday, September 4th. Wunderlich increased their price objective on shares of Oxford Industries from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, Stephens reaffirmed a “buy” rating on shares of Oxford Industries in a report on Monday, June 6th. Nine analysts have rated the stock with a buy rating, Oxford Industries has a consensus rating of “Buy” and an average price target of $83.67.
Oxford Industries (NYSE:OXM) opened at 66.80 on Monday. The company has a 50-day moving average of $66.83 and a 200-day moving average of $62.86. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 18.64 and a beta of 0.59. Oxford Industries has a 52 week low of $52.54 and a 52 week high of $77.99.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The business had revenue of $283 million for the quarter. During the same quarter last year, the company posted $1.32 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is presently 30.25%.
In other news, insider James Wesley Howard, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.81, for a total value of $174,525.00. Following the transaction, the insider now owns 10,680 shares in the company, valued at approximately $745,570.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.18% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of OXM. PineBridge Investments L.P. boosted its position in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock valued at $106,000 after buying an additional 88 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock valued at $118,000 after buying an additional 253 shares during the period. Mason Street Advisors LLC acquired a new position in shares of Oxford Industries during the second quarter valued at $163,000. Clinton Group Inc. acquired a new position in shares of Oxford Industries during the second quarter valued at $203,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Oxford Industries during the second quarter valued at $255,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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