Oxford Industries (NYSE:OXM) Issues Q3 2021 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its third quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.350–0.200 for the period. The company issued revenue guidance of -.Oxford Industries also updated its FY 2021 guidance to $4.850-5.150 EPS.

NYSE:OXM opened at $106.10 on Friday. Oxford Industries has a one year low of $37.89 and a one year high of $114.47. The company has a market capitalization of $1.79 billion, a P/E ratio of -18.39 and a beta of 1.84. The stock’s 50-day simple moving average is $92.08.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Tuesday, June 8th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.83. The business had revenue of $265.76 million during the quarter, compared to the consensus estimate of $233.07 million. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The company’s quarterly revenue was up 65.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.12) EPS. As a group, equities research analysts expect that Oxford Industries will post 3.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 16th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, April 15th. This represents a $1.48 annualized dividend and a yield of 1.39%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.25. Oxford Industries’s dividend payout ratio is -81.77%.

Several equities analysts have weighed in on the company. B. Riley raised their price objective on Oxford Industries from $106.00 to $120.00 and gave the company a buy rating in a research note on Thursday. TheStreet raised shares of Oxford Industries from a c rating to a b- rating in a research report on Wednesday. KeyCorp boosted their price target on shares of Oxford Industries from $103.00 to $135.00 and gave the stock an overweight rating in a report on Thursday. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $100.00 to $120.00 and gave the company a market perform rating in a research note on Thursday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Oxford Industries from $90.00 to $112.00 and gave the stock a neutral rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $118.17.

In related news, EVP Thomas E. Campbell sold 5,000 shares of the stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of $85.25, for a total transaction of $426,250.00. Following the completion of the transaction, the executive vice president now owns 41,388 shares in the company, valued at $3,528,327. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.80% of the stock is currently owned by insiders.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 and youth products under the Southern Tide brand.

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

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