Zacks: Analysts Anticipate Oxford Industries Inc (NYSE:OXM) Will Post Earnings of $1.86 Per Share

Brokerages predict that Oxford Industries Inc (NYSE:OXM) will post earnings of $1.86 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Oxford Industries’ earnings. The lowest EPS estimate is $1.85 and the highest is $1.86. Oxford Industries posted earnings of $1.83 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The business is expected to issue its next quarterly earnings report on Wednesday, September 11th.

According to Zacks, analysts expect that Oxford Industries will report full-year earnings of $4.57 per share for the current year, with EPS estimates ranging from $4.55 to $4.59. For the next fiscal year, analysts anticipate that the company will post earnings of $4.95 per share, with EPS estimates ranging from $4.92 to $4.98. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Oxford Industries.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The company had revenue of $282.00 million during the quarter, compared to analyst estimates of $276.75 million. During the same period in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis.

OXM has been the subject of a number of research reports. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. ValuEngine raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Telsey Advisory Group dropped their price target on Oxford Industries from $82.00 to $78.00 and set a “market perform” rating for the company in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Oxford Industries has an average rating of “Buy” and a consensus target price of $86.00.

Oxford Industries stock traded down $3.38 during midday trading on Friday, reaching $66.96. 158,157 shares of the stock traded hands, compared to its average volume of 179,873. The stock’s fifty day moving average is $69.34 and its 200-day moving average is $75.01. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $94.48. The stock has a market cap of $1.18 billion, a P/E ratio of 15.50, a PEG ratio of 1.51 and a beta of 0.47. The company has a quick ratio of 0.70, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, July 18th. Oxford Industries’s payout ratio is 34.26%.

Several large investors have recently bought and sold shares of the company. Mason Street Advisors LLC lifted its stake in shares of Oxford Industries by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock valued at $410,000 after purchasing an additional 181 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Oxford Industries by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 26,403 shares of the textile maker’s stock valued at $2,001,000 after purchasing an additional 249 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of Oxford Industries by 6.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 256 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Oxford Industries by 7.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,586 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 330 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Oxford Industries by 0.7% in the 1st quarter. Comerica Bank now owns 56,159 shares of the textile maker’s stock valued at $4,409,000 after purchasing an additional 373 shares during the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.

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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