Brokerages Anticipate Oxford Industries, Inc. (OXM) Will Announce Quarterly Sales of $244.57 Million
Brokerages expect Oxford Industries, Inc. (NYSE:OXM) to report sales of $244.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Oxford Industries’ earnings, with estimates ranging from $241.90 million to $249.20 million. Oxford Industries posted sales of $222.31 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next earnings report after the market closes on Tuesday, December 5th.
On average, analysts expect that Oxford Industries will report full-year sales of $244.57 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.11 billion. For the next financial year, analysts expect that the company will post sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. Oxford Industries’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS.
Several equities research analysts recently weighed in on OXM shares. Zacks Investment Research cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. SunTrust Banks reaffirmed a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research report on Tuesday, October 24th. FBR & Co set a $75.00 price target on Oxford Industries and gave the company a “buy” rating in a research report on Monday, August 28th. B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a research report on Wednesday, November 1st. Finally, DA Davidson lowered Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Oxford Industries currently has an average rating of “Buy” and an average target price of $67.90.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its position in Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 30 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Oxford Industries by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after acquiring an additional 1,316 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Oxford Industries in the 3rd quarter worth approximately $205,000. Stifel Financial Corp bought a new position in shares of Oxford Industries in the 2nd quarter worth approximately $202,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Oxford Industries in the 2nd quarter worth approximately $203,000. 89.19% of the stock is owned by institutional investors and hedge funds.
Shares of Oxford Industries (NYSE OXM) opened at $69.85 on Thursday. The firm has a market capitalization of $1,116.12, a PE ratio of 21.26, a P/E/G ratio of 1.83 and a beta of 0.37. Oxford Industries has a fifty-two week low of $49.50 and a fifty-two week high of $76.00. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.
About Oxford Industries
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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