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

Oxford Industries (NYSE:OXM) released its quarterly earnings data on Tuesday. The textile maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.06 by $0.83, MarketWatch Earnings reports. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The company had revenue of $265.76 million for the quarter, compared to the consensus estimate of $233.07 million. During the same period last year, the business posted ($1.12) EPS. Oxford Industries’s quarterly revenue was up 65.7% on a year-over-year basis.

NYSE:OXM opened at $98.10 on Thursday. The business’s 50 day moving average price is $91.67. Oxford Industries has a 12 month low of $37.89 and a 12 month high of $98.40. The stock has a market cap of $1.66 billion, a price-to-earnings 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. Stockholders of record on Friday, April 16th were given a dividend of $0.37 per share. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, April 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. Oxford Industries’s dividend payout ratio (DPR) is -81.77%.

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

In other Oxford Industries news, EVP Thomas E. Campbell sold 5,000 shares of the company’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 $3,528,327. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.80% of the company’s stock.

About Oxford Industries

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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