Oxford Industries, Inc. (OXM) Announces Earnings Results, Beats Estimates By $0.01 EPS
Oxford Industries, Inc. (NYSE:OXM) posted its quarterly earnings results on Thursday. The textile maker reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01, Bloomberg Earnings reports. The business had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. Oxford Industries’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Oxford Industries updated its Q3 guidance to $0.09-0.19 EPS and its FY18 guidance to $3.50-3.70 EPS.
Shares of Oxford Industries (NYSE OXM) opened at 57.81 on Friday. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The company has a market capitalization of $971.79 million, a PE ratio of 19.47 and a beta of 0.40. The company has a 50-day moving average price of $60.93 and a 200 day moving average price of $58.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.87%. Oxford Industries’s payout ratio is presently 36.36%.
A number of institutional investors have recently bought and sold shares of OXM. Kernodle & Katon Asset Management Group LLC bought a new position in Oxford Industries during the first quarter valued at about $106,000. Pinebridge Investments L.P. raised its position in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue raised its position in Oxford Industries by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after buying an additional 1,316 shares during the last quarter. Stifel Financial Corp bought a new position in Oxford Industries during the second quarter valued at about $202,000. Finally, Piedmont Investment Advisors LLC bought a new position in Oxford Industries during the second quarter valued at about $203,000. Institutional investors and hedge funds own 86.61% of the company’s stock.
A number of research analysts have issued reports on OXM shares. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. B. Riley reiterated a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research report on Monday, June 5th. Telsey Advisory Group lifted their target price on Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Finally, BidaskClub cut Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.00.
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, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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