Oxford Industries, Inc. (NYSE:OXM) – Equities researchers at B. Riley lifted their Q3 2021 earnings per share (EPS) estimates for shares of Oxford Industries in a report issued on Wednesday, November 18th. B. Riley analyst S. Anderson now expects that the textile maker will earn ($1.13) per share for the quarter, up from their prior forecast of ($1.56). B. Riley also issued estimates for Oxford Industries’ Q4 2021 earnings at $0.59 EPS, FY2021 earnings at ($2.03) EPS and FY2022 earnings at $3.46 EPS.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, September 3rd. The textile maker reported ($0.38) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.23. The firm had revenue of $191.99 million for the quarter, compared to the consensus estimate of $170.57 million. Oxford Industries had a negative return on equity of 0.92% and a negative net margin of 6.27%. The business’s revenue for the quarter was down 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS.
A number of other equities analysts also recently weighed in on OXM. KeyCorp upped their target price on Oxford Industries from $54.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Friday, September 4th. Citigroup lowered shares of Oxford Industries from a “buy” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $53.00 in a research note on Friday, September 4th. Finally, Telsey Advisory Group boosted their price target on shares of Oxford Industries from $46.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, September 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oxford Industries currently has an average rating of “Buy” and an average price target of $58.80.
NYSE OXM opened at $54.19 on Friday. The stock’s 50-day moving average price is $44.83 and its two-hundred day moving average price is $44.39. The company has a current ratio of 1.72, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market cap of $914.51 million, a PE ratio of -15.99 and a beta of 1.36. Oxford Industries has a 1 year low of $30.37 and a 1 year high of $77.56.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, October 15th. Oxford Industries’s payout ratio is presently 23.15%.
Several hedge funds have recently added to or reduced their stakes in OXM. Great West Life Assurance Co. Can lifted its stake in shares of Oxford Industries by 23,975.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,974,669 shares of the textile maker’s stock valued at $3,049,000 after purchasing an additional 4,954,006 shares during the last quarter. FMR LLC lifted its stake in shares of Oxford Industries by 28.8% in the 2nd quarter. FMR LLC now owns 754,305 shares of the textile maker’s stock valued at $33,196,000 after purchasing an additional 168,721 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Oxford Industries by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 128,415 shares of the textile maker’s stock valued at $5,183,000 after purchasing an additional 83,534 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Oxford Industries by 18.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 376,142 shares of the textile maker’s stock valued at $16,554,000 after purchasing an additional 59,216 shares during the last quarter. Finally, Morgan Stanley lifted its position in Oxford Industries by 55.3% during the 3rd quarter. Morgan Stanley now owns 158,689 shares of the textile maker’s stock worth $6,404,000 after acquiring an additional 56,483 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private label 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 and youth products under the Southern Tide brand.
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