Wall Street brokerages expect Oxford Industries Inc (NYSE:OXM) to report $243.27 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Oxford Industries’ earnings, with the lowest sales estimate coming in at $239.80 million and the highest estimate coming in at $246.11 million. Oxford Industries posted sales of $235.96 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, December 4th.

According to Zacks, analysts expect that Oxford Industries will report full year sales of $1.13 billion for the current year, with estimates ranging from $1.13 billion to $1.14 billion. For the next financial year, analysts forecast that the business will post sales of $1.19 billion, with estimates ranging from $1.18 billion to $1.20 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Oxford Industries.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $306.12 million. Oxford Industries had a net margin of 6.61% and a return on equity of 16.20%. Oxford Industries’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share.

OXM has been the topic of several research reports. Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. SunTrust Banks lifted their price target on shares of Oxford Industries to $97.00 and gave the stock a “buy” rating in a research note on Thursday, September 13th. Citigroup lifted their price target on shares of Oxford Industries from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. KeyCorp lifted their price target on shares of Oxford Industries from $100.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, September 13th. Finally, Telsey Advisory Group lifted their price target on shares of Oxford Industries from $88.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Oxford Industries presently has an average rating of “Buy” and an average price target of $96.88.

OXM traded down $4.25 on Friday, reaching $80.51. The company had a trading volume of 7,409 shares, compared to its average volume of 130,214. The company has a market capitalization of $1.49 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.91 and a beta of 0.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 0.96. Oxford Industries has a 52-week low of $63.81 and a 52-week high of $97.19.

The company also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Friday, October 19th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, October 18th. Oxford Industries’s payout ratio is 37.16%.

Several hedge funds and other institutional investors have recently modified their holdings of OXM. Xact Kapitalforvaltning AB purchased a new position in shares of Oxford Industries in the first quarter worth $213,000. Principal Financial Group Inc. boosted its holdings in Oxford Industries by 3.2% in the first quarter. Principal Financial Group Inc. now owns 140,238 shares of the textile maker’s stock valued at $10,456,000 after acquiring an additional 4,283 shares in the last quarter. Amalgamated Bank bought a new stake in Oxford Industries in the second quarter valued at $226,000. Whittier Trust Co. bought a new stake in Oxford Industries in the second quarter valued at $252,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Oxford Industries by 4,247.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,000 shares of the textile maker’s stock valued at $333,000 after acquiring an additional 4,885 shares in the last quarter. 86.41% of the stock is currently owned by institutional investors.

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

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