Zacks: Analysts Expect Oxford Industries, Inc. (NYSE:OXM) to Post $2.76 Earnings Per Share

Wall Street brokerages expect Oxford Industries, Inc. (NYSE:OXMGet Rating) to report earnings per share of $2.76 for the current quarter, according to Zacks. Four analysts have issued estimates for Oxford Industries’ earnings, with the highest EPS estimate coming in at $2.85 and the lowest estimate coming in at $2.72. Oxford Industries reported earnings per share of $1.89 in the same quarter last year, which would suggest a positive year over year growth rate of 46%. The company is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Oxford Industries will report full year earnings of $9.03 per share for the current financial year, with EPS estimates ranging from $8.96 to $9.09. For the next financial year, analysts expect that the firm will report earnings of $9.50 per share, with EPS estimates ranging from $9.18 to $9.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Oxford Industries.

Oxford Industries (NYSE:OXMGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The textile maker reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.25. Oxford Industries had a net margin of 11.50% and a return on equity of 28.33%. The firm had revenue of $299.92 million for the quarter, compared to analyst estimates of $295.07 million. During the same period last year, the firm posted $0.13 EPS. Oxford Industries’s quarterly revenue was up 35.5% on a year-over-year basis.

A number of brokerages have issued reports on OXM. Truist Financial started coverage on shares of Oxford Industries in a research report on Thursday, April 7th. They set a “buy” rating and a $126.00 target price for the company. Citigroup boosted their target price on shares of Oxford Industries from $84.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, March 24th. Finally, StockNews.com downgraded shares of Oxford Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $115.29.

Shares of NYSE OXM traded down $0.01 during midday trading on Friday, hitting $92.50. The company had a trading volume of 195,988 shares, compared to its average volume of 286,713. Oxford Industries has a twelve month low of $76.21 and a twelve month high of $114.47. The business has a 50-day simple moving average of $87.43 and a two-hundred day simple moving average of $92.73. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.87 and a beta of 1.73.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a $0.55 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.42. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, April 13th. Oxford Industries’s payout ratio is presently 28.24%.

Hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System boosted its stake in Oxford Industries by 2.2% in the third quarter. New York State Teachers Retirement System now owns 37,237 shares of the textile maker’s stock valued at $3,358,000 after acquiring an additional 800 shares during the period. Alpha DNA Investment Management LLC bought a new stake in shares of Oxford Industries during the third quarter valued at approximately $1,387,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $51,000. Allianz Asset Management GmbH raised its holdings in shares of Oxford Industries by 2.5% during the third quarter. Allianz Asset Management GmbH now owns 30,350 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 750 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Oxford Industries by 0.7% during the third quarter. Comerica Bank now owns 42,744 shares of the textile maker’s stock valued at $3,927,000 after buying an additional 313 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

About Oxford Industries (Get Rating)

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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