Brokers Offer Predictions for Oxford Industries Inc’s Q2 2018 Earnings (OXM)

Oxford Industries Inc (NYSE:OXM) – Stock analysts at DA Davidson dropped their Q2 2018 earnings per share (EPS) estimates for shares of Oxford Industries in a research report issued to clients and investors on Wednesday. DA Davidson analyst A. Burns now expects that the textile maker will post earnings of $1.41 per share for the quarter, down from their previous forecast of $1.60. DA Davidson also issued estimates for Oxford Industries’ Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $3.98 EPS.

Other analysts also recently issued reports about the stock. B. Riley reissued a “buy” rating and issued a $66.00 price target on shares of Oxford Industries in a research note on Monday, June 5th. Citigroup Inc decreased their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Wunderlich decreased their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Finally, Telsey Advisory Group boosted their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Oxford Industries has an average rating of “Buy” and a consensus target price of $71.29.

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

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Shares of Oxford Industries (OXM) opened at 61.49 on Thursday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 19.53 and a beta of 0.42. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The firm’s 50-day moving average price is $56.68 and its 200-day moving average price is $57.76.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.08. The business had revenue of $272.40 million during the quarter, compared to the consensus estimate of $273.40 million. Oxford Industries had a return on equity of 17.54% and a net margin of 5.87%. Oxford Industries’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its position in Oxford Industries by 201.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 18,970 shares of the textile maker’s stock worth $1,086,000 after buying an additional 12,670 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Oxford Industries by 11.8% in the first quarter. Westwood Holdings Group Inc. now owns 237,110 shares of the textile maker’s stock worth $13,577,000 after buying an additional 25,035 shares during the last quarter. Paloma Partners Management Co boosted its position in Oxford Industries by 119.4% in the first quarter. Paloma Partners Management Co now owns 43,324 shares of the textile maker’s stock worth $2,481,000 after buying an additional 23,574 shares during the last quarter. State Street Corp boosted its position in Oxford Industries by 7.2% in the first quarter. State Street Corp now owns 353,079 shares of the textile maker’s stock worth $20,218,000 after buying an additional 23,768 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Oxford Industries by 14.8% in the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after buying an additional 19,675 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

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