Brokerages expect Oxford Industries Inc (NYSE:OXM) to post $1.24 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Oxford Industries’ earnings. Oxford Industries reported earnings per share of $1.12 during the same quarter last year, which would suggest a positive year over year growth rate of 10.7%. The business is expected to announce its next quarterly earnings results on Tuesday, June 5th.
On average, analysts expect that Oxford Industries will report full-year earnings of $4.57 per share for the current year, with EPS estimates ranging from $4.56 to $4.58. For the next fiscal year, analysts forecast that the firm will post earnings of $4.98 per share, with EPS estimates ranging from $4.79 to $5.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Oxford Industries.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, March 28th. The textile maker reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. The company had revenue of $293.00 million during the quarter, compared to the consensus estimate of $293.19 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.02%. Oxford Industries’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS.
OXM has been the subject of several analyst reports. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, March 27th. Citigroup reissued a “buy” rating and issued a $90.00 price target on shares of Oxford Industries in a report on Wednesday, April 18th. ValuEngine raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. SunTrust Banks set a $90.00 price target on shares of Oxford Industries and gave the company a “buy” rating in a report on Thursday, March 29th. Finally, DA Davidson set a $91.00 price target on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday, April 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries has an average rating of “Buy” and an average price target of $83.33.
Oxford Industries traded up $0.83, hitting $82.33, during trading hours on Friday, MarketBeat Ratings reports. The stock had a trading volume of 200,600 shares, compared to its average volume of 117,906. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.75 and a quick ratio of 0.81. Oxford Industries has a one year low of $52.89 and a one year high of $84.32. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 22.49 and a beta of 0.33.
The company also recently declared a quarterly dividend, which was paid on Friday, May 4th. Shareholders of record on Friday, April 20th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.65%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, April 19th. Oxford Industries’s dividend payout ratio (DPR) is presently 37.16%.
In other news, CEO Thomas Caldecot Chubb III sold 3,500 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $76.97, for a total transaction of $269,395.00. Following the sale, the chief executive officer now owns 114,514 shares in the company, valued at approximately $8,814,142.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Thomas E. Campbell sold 5,000 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $76.97, for a total transaction of $384,850.00. Following the sale, the general counsel now owns 40,945 shares in the company, valued at approximately $3,151,536.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,165 shares of company stock worth $1,016,482. Corporate insiders own 2.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of OXM. Wells Fargo & Company MN raised its position in shares of Oxford Industries by 43.1% during the 3rd quarter. Wells Fargo & Company MN now owns 30,424 shares of the textile maker’s stock valued at $1,933,000 after buying an additional 9,158 shares in the last quarter. Bank of Montreal Can raised its position in Oxford Industries by 4,338.4% in the 4th quarter. Bank of Montreal Can now owns 21,038 shares of the textile maker’s stock worth $1,582,000 after purchasing an additional 20,564 shares during the period. Capital Investment Advisors LLC purchased a new position in Oxford Industries in the 4th quarter worth $229,000. Schwab Charles Investment Management Inc. raised its position in Oxford Industries by 9.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 126,460 shares of the textile maker’s stock worth $9,509,000 after purchasing an additional 10,877 shares during the period. Finally, Acadian Asset Management LLC raised its position in Oxford Industries by 444.4% in the 4th quarter. Acadian Asset Management LLC now owns 62,035 shares of the textile maker’s stock worth $4,664,000 after purchasing an additional 50,639 shares during the period. Hedge funds and other institutional investors own 86.56% of the company’s stock.
About Oxford Industries
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.
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