Oxford Industries (NYSE:OXM) Issues FY 2022 Earnings Guidance

Oxford Industries (NYSE:OXMGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $8.750-$9.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.910. The company issued revenue guidance of $1.25 billion-$1.29 billion, compared to the consensus revenue estimate of $1.17 billion.Oxford Industries also updated its Q1 2022 guidance to $2.650-$2.900 EPS.

A number of equities research analysts have recently weighed in on OXM shares. StockNews.com lowered Oxford Industries from a strong-buy rating to a buy rating in a research note on Thursday, April 7th. Truist Financial started coverage on Oxford Industries in a research note on Thursday, April 7th. They issued a buy rating and a $126.00 target price for the company. Finally, Citigroup boosted their target price on Oxford Industries from $84.00 to $86.00 and gave the company a sell rating in a research note on Thursday, March 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Oxford Industries presently has a consensus rating of Buy and an average target price of $115.29.

OXM opened at $95.66 on Wednesday. The business has a 50 day simple moving average of $87.75 and a two-hundred day simple moving average of $92.74. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.28 and a beta of 1.73. Oxford Industries has a one year low of $76.21 and a one year high of $114.47.

Oxford Industries (NYSE:OXMGet Rating) last released its quarterly earnings results on Wednesday, March 23rd. The textile maker reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.25. The business had revenue of $299.92 million during the quarter, compared to analyst estimates of $295.07 million. Oxford Industries had a return on equity of 28.33% and a net margin of 11.50%. Oxford Industries’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. On average, analysts anticipate that Oxford Industries will post 9.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.55 per share. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, April 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.30%. Oxford Industries’s dividend payout ratio is presently 28.24%.

Several hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Oxford Industries during the 4th quarter worth approximately $15,889,000. BlackRock Inc. grew its stake in shares of Oxford Industries by 0.8% in the 4th quarter. BlackRock Inc. now owns 2,637,975 shares of the textile maker’s stock worth $267,808,000 after buying an additional 20,837 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Oxford Industries by 299.4% in the 4th quarter. Wells Fargo & Company MN now owns 23,152 shares of the textile maker’s stock worth $2,351,000 after buying an additional 17,356 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Oxford Industries by 32.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 64,834 shares of the textile maker’s stock worth $6,582,000 after buying an additional 15,838 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Oxford Industries by 2.2% in the 4th quarter. California State Teachers Retirement System now owns 23,048 shares of the textile maker’s stock worth $2,340,000 after buying an additional 500 shares during the last quarter. Hedge funds and other 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.

Read More

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.