Oxford Industries (NYSE:OXM) Posts Quarterly Earnings Results, Beats Estimates By $0.72 EPS

Oxford Industries (NYSE:OXMGet Rating) posted its earnings results on Wednesday. The textile maker reported $3.50 EPS for the quarter, topping the consensus estimate of $2.78 by $0.72, Briefing.com reports. Oxford Industries had a net margin of 13.04% and a return on equity of 32.76%. The business had revenue of $352.58 million for the quarter, compared to the consensus estimate of $329.03 million. During the same period last year, the company earned $1.89 EPS. The firm’s revenue was up 32.7% compared to the same quarter last year.

Shares of OXM stock traded down $2.45 during trading hours on Friday, hitting $93.99. 8,054 shares of the company were exchanged, compared to its average volume of 178,141. The company has a 50 day simple moving average of $89.55 and a two-hundred day simple moving average of $90.92. The firm has a market cap of $1.54 billion, a P/E ratio of 9.89 and a beta of 1.61. Oxford Industries has a fifty-two week low of $76.21 and a fifty-two week high of $114.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, July 14th. Oxford Industries’s payout ratio is 23.06%.

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its holdings in Oxford Industries by 60.5% in the first quarter. Lazard Asset Management LLC now owns 1,112 shares of the textile maker’s stock worth $100,000 after purchasing an additional 419 shares during the period. Captrust Financial Advisors boosted its position in shares of Oxford Industries by 28.0% during the 1st quarter. Captrust Financial Advisors now owns 2,055 shares of the textile maker’s stock worth $186,000 after purchasing an additional 449 shares in the last quarter. Delphia USA Inc. acquired a new stake in shares of Oxford Industries in the 1st quarter valued at about $243,000. First Republic Investment Management Inc. increased its position in Oxford Industries by 20.8% in the 1st quarter. First Republic Investment Management Inc. now owns 2,995 shares of the textile maker’s stock valued at $271,000 after buying an additional 516 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in Oxford Industries during the 4th quarter worth approximately $305,000. Institutional investors own 87.97% of the company’s stock.

OXM has been the topic of a number of recent research reports. Truist Financial began coverage on shares of Oxford Industries in a report on Thursday, April 7th. They set a “buy” rating and a $126.00 price target on the stock. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. StockNews.com cut Oxford Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, Citigroup raised their price objective on Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.14.

Oxford Industries Company Profile (Get Rating)

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 and swimwear 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.

Featured Stories

Earnings History for Oxford Industries (NYSE:OXM)

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.