Oxford Industries (NYSE:OXM) Announces Earnings Results, Beats Estimates By $0.83 EPS

Oxford Industries (NYSE:OXM) announced its earnings results on Tuesday. The textile maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.83, MarketWatch Earnings reports. The business had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $233.07 million. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The business’s revenue for the quarter was up 65.7% on a year-over-year basis. During the same quarter last year, the firm earned ($1.12) EPS.

Shares of OXM stock opened at $98.10 on Thursday. Oxford Industries has a 1-year low of $37.89 and a 1-year high of $98.40. The stock’s fifty day simple moving average is $91.67. The stock has a market cap of $1.66 billion, a P/E ratio of -17.00 and a beta of 1.84.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 16th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.51%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, April 15th. Oxford Industries’s payout ratio is -81.77%.

In related news, EVP Thomas E. Campbell sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total transaction of $426,250.00. Following the transaction, the executive vice president now directly owns 41,388 shares in the company, valued at approximately $3,528,327. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.80% of the stock is owned by insiders.

Several research analysts have recently commented on OXM shares. KeyCorp boosted their price target on Oxford Industries from $103.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Telsey Advisory Group boosted their price target on Oxford Industries from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday. Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 17th. B. Riley boosted their price target on Oxford Industries from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup boosted their price target on Oxford Industries from $90.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Hold” and an average price target of $121.75.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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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Earnings History for Oxford Industries (NYSE:OXM)

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