Oxford Industries (NYSE:OXM) Issues Q3 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.000-7.300 for the period, compared to the consensus earnings per share estimate of 8.660. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.6 billion. Oxford Industries also updated its FY 2024 guidance to 0.000-0.200 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OXM. Citigroup decreased their price objective on Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a report on Thursday, June 13th. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price target on shares of Oxford Industries in a research report on Thursday, September 5th. Finally, UBS Group reduced their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oxford Industries has a consensus rating of Hold and a consensus target price of $100.60.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $83.62 on Thursday. Oxford Industries has a 12 month low of $80.83 and a 12 month high of $113.88. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.31 billion, a P/E ratio of 33.85 and a beta of 1.53. The company has a 50 day moving average of $93.28 and a 200 day moving average of $101.07.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. During the same quarter last year, the firm earned $3.45 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Oxford Industries will post 8.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now owns 24,865 shares in the company, valued at $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company’s stock.

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.