Oxford Industries (OXM) Releases Q4 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its fourth quarter earnings guidance on Saturday morning. The company provided earnings per share guidance of $0.96-1.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05. The company issued revenue guidance of $297-307 million, compared to the consensus revenue estimate of $301.84 million.

OXM stock opened at $75.77 on Monday. The stock has a market cap of $1.30 billion, a PE ratio of 20.70, a P/E/G ratio of 1.78 and a beta of 0.28. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. Oxford Industries has a 1 year low of $63.50 and a 1 year high of $97.19.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 12th. The textile maker reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). Oxford Industries had a return on equity of 15.56% and a net margin of 6.69%. The business had revenue of $233.70 million during the quarter, compared to analyst estimates of $242.45 million. During the same quarter in the prior year, the company earned $0.17 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Oxford Industries will post 4.3 EPS for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, January 18th will be issued a $0.34 dividend. The ex-dividend date is Thursday, January 17th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.79%. Oxford Industries’s dividend payout ratio is presently 37.16%.

OXM has been the topic of a number of analyst reports. CL King initiated coverage on shares of Oxford Industries in a report on Friday, December 28th. They issued a buy rating and a $80.00 target price on the stock. Citigroup upped their target price on shares of Oxford Industries from $90.00 to $102.00 and gave the stock a buy rating in a report on Monday, September 17th. Zacks Investment Research lowered shares of Oxford Industries from a buy rating to a hold rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Oxford Industries from a buy rating to a hold rating in a report on Friday, November 30th. Finally, Telsey Advisory Group upped their target price on shares of Oxford Industries from $88.00 to $93.00 and gave the stock a market perform rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $90.00.

In other news, Director John R. Holder acquired 500 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was purchased at an average price of $69.89 per share, for a total transaction of $34,945.00. Following the purchase, the director now owns 21,134 shares in the company, valued at approximately $1,477,055.26. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.07% of the company’s stock.

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Oxford Industries Company Profile

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: What is a Leveraged Buyout (LBO)?

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

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