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. Oxford Industries had a negative net margin of 12.78% and a negative return on equity of 7.06%. The business had revenue of $265.76 million during the quarter, compared to analyst estimates of $233.07 million. During the same period in the previous year, the business posted ($1.12) earnings per share. Oxford Industries’s revenue for the quarter was up 65.7% on a year-over-year basis.
Shares of NYSE OXM traded up $10.65 during mid-day trading on Thursday, hitting $108.75. The stock had a trading volume of 4,303 shares, compared to its average volume of 93,242. Oxford Industries has a 1 year low of $37.89 and a 1 year high of $98.40. The business’s 50 day moving average price is $91.67. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -18.80 and a beta of 1.84.
The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 16th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, April 15th. Oxford Industries’s payout ratio is presently -81.77%.
Several brokerages have issued reports on OXM. Citigroup lifted their target price on shares of Oxford Industries from $90.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Oxford Industries from $90.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday. B. Riley boosted their price objective on shares of Oxford Industries from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. Telsey Advisory Group boosted their price objective on shares of Oxford Industries from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a report on Wednesday, March 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Oxford Industries currently has a consensus rating of “Hold” and an average price target of $119.80.
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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