Oxford Industries, Inc. Expected to Earn Q3 2019 Earnings of $0.19 Per Share (OXM)
Oxford Industries, Inc. (NYSE:OXM) – DA Davidson lifted their Q3 2019 EPS estimates for Oxford Industries in a research note issued to investors on Thursday. DA Davidson analyst A. Burns now forecasts that the textile maker will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.16. DA Davidson currently has a “Buy” rating and a $91.00 price objective on the stock. DA Davidson also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.06 EPS.
Other equities research analysts have also issued reports about the company. B. Riley reiterated a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. FBR & Co reiterated a “buy” rating and set a $75.00 price target on shares of Oxford Industries in a report on Tuesday, September 12th. SunTrust Banks lifted their price target on Oxford Industries to $90.00 and gave the company a “buy” rating in a report on Tuesday. Finally, KeyCorp reiterated a “buy” rating and set a $78.00 price target on shares of Oxford Industries in a report on Friday, November 24th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.80.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s payout ratio is 34.07%.
In related news, Director Dennis M. Love sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the transaction, the director now directly owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.29% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in shares of Oxford Industries by 3.4% in the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock valued at $3,643,000 after acquiring an additional 1,900 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Oxford Industries by 109,500.0% in the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock valued at $1,393,000 after acquiring an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Oxford Industries by 60.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock valued at $2,796,000 after acquiring an additional 16,943 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Oxford Industries by 133.6% in the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock valued at $5,641,000 after acquiring an additional 50,770 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
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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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