Oxford Industries (NYSE:OXM) Updates Q3 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.00-0.20 for the period, compared to the consensus earnings per share estimate of $1.09. The company issued revenue guidance of $310-325 million, compared to the consensus revenue estimate of $352.47 million. Oxford Industries also updated its FY 2024 guidance to 0.000-0.200 EPS.

Wall Street Analyst Weigh In

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

Oxford Industries Stock Up 0.3 %

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’s 50-day moving average price is $93.28 and its two-hundred day moving average price is $101.07. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.31 billion, a P/E ratio of 33.85 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The company had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. During the same period in the prior year, the company earned $3.78 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. As a group, research 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 stock in a transaction dated Friday, June 14th. The shares were 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 of the company’s stock, valued at approximately $2,484,262.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.