$1.11 EPS Expected for Oxford Industries Inc (NYSE:OXM) This Quarter

Equities analysts expect Oxford Industries Inc (NYSE:OXM) to post $1.11 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Oxford Industries’ earnings, with estimates ranging from $1.10 to $1.11. Oxford Industries reported earnings per share of $1.08 in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The company is expected to report its next quarterly earnings report on Thursday, March 26th.

On average, analysts expect that Oxford Industries will report full year earnings of $4.35 per share for the current financial year, with EPS estimates ranging from $4.34 to $4.35. For the next year, analysts anticipate that the firm will report earnings of $4.54 per share, with EPS estimates ranging from $4.50 to $4.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Oxford Industries.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. Oxford Industries had a return on equity of 14.55% and a net margin of 6.22%. The company had revenue of $241.22 million for the quarter, compared to analyst estimates of $240.34 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year.

A number of equities research analysts have weighed in on OXM shares. B. Riley reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Oxford Industries in a report on Thursday, December 12th. KeyCorp lowered their price objective on Oxford Industries from $90.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, December 12th. Needham & Company LLC raised Oxford Industries from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Wednesday, January 29th. DA Davidson reissued a “neutral” rating on shares of Oxford Industries in a research note on Monday, November 4th. Finally, Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.33.

In other news, EVP Thomas E. Campbell sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $76.75, for a total transaction of $383,750.00. Following the sale, the executive vice president now owns 37,669 shares of the company’s stock, valued at approximately $2,891,095.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in OXM. BlackRock Inc. boosted its stake in shares of Oxford Industries by 13.6% during the 2nd quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock worth $214,926,000 after acquiring an additional 339,482 shares in the last quarter. Maverick Capital Ltd. boosted its stake in shares of Oxford Industries by 345.7% during the 3rd quarter. Maverick Capital Ltd. now owns 162,314 shares of the textile maker’s stock worth $11,638,000 after acquiring an additional 125,894 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Oxford Industries during the 2nd quarter worth approximately $5,405,000. Millennium Management LLC raised its position in shares of Oxford Industries by 309.2% during the 3rd quarter. Millennium Management LLC now owns 70,535 shares of the textile maker’s stock worth $5,057,000 after purchasing an additional 53,298 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Oxford Industries by 14.1% during the 3rd quarter. GW&K Investment Management LLC now owns 361,222 shares of the textile maker’s stock worth $25,899,000 after purchasing an additional 44,563 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

OXM traded up $0.74 during trading on Friday, reaching $67.50. The company’s stock had a trading volume of 75,500 shares, compared to its average volume of 85,162. Oxford Industries has a 52-week low of $63.73 and a 52-week high of $85.36. The company’s fifty day moving average price is $72.19 and its 200-day moving average price is $71.60. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.30 and a beta of 0.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 1.64.

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, January 16th. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

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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