Oxford Industries (NYSE:OXM) released its quarterly earnings results on Wednesday. The textile maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02, Bloomberg Earnings reports. The firm had revenue of $241.22 million during the quarter, compared to the consensus estimate of $240.34 million. Oxford Industries had a net margin of 6.22% and a return on equity of 14.70%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS.
Shares of NYSE OXM opened at $74.94 on Friday. The firm has a 50-day simple moving average of $72.24 and a 200-day simple moving average of $71.32. The company has a quick ratio of 0.68, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.35 and a beta of 0.48. Oxford Industries has a 52 week low of $63.50 and a 52 week high of $85.36.
In related news, EVP Scott Grassmyer sold 2,838 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $73.07, for a total transaction of $207,372.66. Following the transaction, the executive vice president now directly owns 33,311 shares in the company, valued at $2,434,034.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.
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.
Further Reading: Reverse Stock Split
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