Oxford Industries, Inc. (NYSE:OXM) Expected to Announce Earnings of $2.76 Per Share

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

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

Oxford Industries (NYSE:OXMGet Rating) last issued its earnings results on Wednesday, March 23rd. The textile maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.43 by $0.25. The business had revenue of $299.92 million during the quarter, compared to analysts’ expectations of $295.07 million. Oxford Industries had a return on equity of 28.33% and a net margin of 11.50%. Oxford Industries’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share.

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

Several hedge funds and other institutional investors have recently modified their holdings of OXM. Byrne Asset Management LLC bought a new position in shares of Oxford Industries in the 4th quarter valued at approximately $30,000. First Quadrant L P CA acquired a new position in Oxford Industries in the 4th quarter valued at $39,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Oxford Industries in the 4th quarter worth $51,000. Point72 Hong Kong Ltd lifted its position in Oxford Industries by 540.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock worth $57,000 after acquiring an additional 470 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new stake in Oxford Industries during the first quarter valued at about $63,000. 87.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE OXM opened at $85.05 on Friday. Oxford Industries has a one year low of $76.21 and a one year high of $114.47. The business has a 50-day moving average price of $89.23 and a two-hundred day moving average price of $92.73. The firm has a market capitalization of $1.40 billion, a PE ratio of 10.92 and a beta of 1.61.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, April 13th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.42. Oxford Industries’s payout ratio is presently 28.24%.

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 and swimwear 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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