Oxford Industries, Inc. Expected to Earn Q2 2023 Earnings of $3.50 Per Share (NYSE:OXM)

Oxford Industries, Inc. (NYSE:OXMGet Rating) – Analysts at Telsey Advisory Group lifted their Q2 2023 earnings per share estimates for shares of Oxford Industries in a research report issued on Thursday, June 9th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will post earnings per share of $3.50 for the quarter, up from their previous forecast of $3.35. Telsey Advisory Group also issued estimates for Oxford Industries’ Q3 2023 earnings at $1.23 EPS, Q4 2023 earnings at $1.76 EPS, Q2 2024 earnings at $3.77 EPS, Q3 2024 earnings at $1.31 EPS and Q4 2024 earnings at $1.86 EPS.

Several other research analysts have also commented on OXM. Citigroup lifted their price objective on shares of Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a research note on Thursday. Truist Financial assumed coverage on shares of Oxford Industries in a research note on Thursday, April 7th. They set a “buy” rating and a $126.00 price objective for the company. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, StockNews.com downgraded Oxford Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.14.

NYSE OXM opened at $96.44 on Friday. The company has a fifty day moving average of $89.55 and a two-hundred day moving average of $90.92. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.11 and a beta of 1.61. Oxford Industries has a 52 week low of $76.21 and a 52 week high of $114.47.

Oxford Industries (NYSE:OXMGet Rating) last posted its quarterly earnings data on Wednesday, June 8th. The textile maker reported $3.50 EPS for the quarter, topping the consensus estimate of $2.78 by $0.72. The company had revenue of $352.58 million during the quarter, compared to analyst estimates of $329.03 million. Oxford Industries had a net margin of 13.04% and a return on equity of 32.76%. Oxford Industries’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share.

Several large investors have recently added to or reduced their stakes in OXM. Keeley Teton Advisors LLC bought a new stake in shares of Oxford Industries in the first quarter valued at about $525,000. Delphia USA Inc. bought a new stake in shares of Oxford Industries in the first quarter valued at about $243,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oxford Industries in the first quarter valued at about $794,000. First Republic Investment Management Inc. raised its holdings in shares of Oxford Industries by 20.8% in the first quarter. First Republic Investment Management Inc. now owns 2,995 shares of the textile maker’s stock valued at $271,000 after acquiring an additional 516 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Oxford Industries in the first quarter valued at about $624,000. Institutional investors and hedge funds own 87.97% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, July 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. Oxford Industries’s dividend payout ratio (DPR) is 23.06%.

Oxford Industries Company Profile (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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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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