Analysts expect Oxford Industries Inc (NYSE:OXM) to post $243.75 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Oxford Industries’ earnings. The lowest sales estimate is $239.80 million and the highest is $246.11 million. Oxford Industries posted sales of $235.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The business is expected to announce its next earnings report on Tuesday, December 4th.

On average, analysts expect that Oxford Industries will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.13 billion to $1.15 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Oxford Industries.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.83. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $306.12 million. Oxford Industries had a return on equity of 16.20% and a net margin of 6.61%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share.

A number of analysts have recently issued reports on OXM shares. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. KeyCorp lifted their price target on Oxford Industries from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 21st. SunTrust Banks lifted their price target on Oxford Industries to $97.00 and gave the stock a “buy” rating in a research note on Thursday, September 13th. Citigroup lifted their price target on Oxford Industries from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, Telsey Advisory Group lifted their price target on Oxford Industries from $88.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $96.88.

A number of institutional investors have recently made changes to their positions in OXM. Itau Unibanco Holding S.A. purchased a new position in Oxford Industries during the second quarter worth approximately $100,000. Tower Research Capital LLC TRC lifted its position in Oxford Industries by 167.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the textile maker’s stock worth $107,000 after buying an additional 744 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Oxford Industries during the first quarter worth approximately $213,000. Dorsey & Whitney Trust CO LLC purchased a new position in Oxford Industries during the third quarter worth approximately $214,000. Finally, Hsbc Holdings PLC purchased a new position in Oxford Industries during the third quarter worth approximately $216,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Shares of NYSE:OXM opened at $88.99 on Friday. The company has a current ratio of 2.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.51 billion, a PE ratio of 24.31, a PEG ratio of 1.94 and a beta of 0.16. Oxford Industries has a 1 year low of $62.98 and a 1 year high of $97.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Friday, October 19th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.53%. Oxford Industries’s payout ratio is 37.16%.

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.

See Also: Bear Market – How and Why They Occur

Get a free copy of the Zacks research report on Oxford Industries (OXM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Oxford Industries (NYSE:OXM)

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.