Oxford Industries, Inc. (NYSE:OXM) – Investment analysts at KeyCorp boosted their Q1 2019 earnings estimates for shares of Oxford Industries in a report issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will earn $1.45 per share for the quarter, up from their prior estimate of $1.23. KeyCorp has a “Buy” rating and a $78.00 price objective on the stock. KeyCorp also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.17 EPS.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS.
Shares of Oxford Industries (NYSE:OXM) traded up $0.11 during trading on Friday, reaching $82.28. 94,118 shares of the company’s stock traded hands, compared to its average volume of 132,353. The company has a market cap of $1,383.18, a price-to-earnings ratio of 26.98, a PEG ratio of 2.24 and a beta of 0.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $82.90.
Several institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after acquiring an additional 1,900 shares during the last quarter. Bessemer Group Inc. grew its holdings in Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after acquiring an additional 21,900 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 16,943 shares during the last quarter. Vanguard Group Inc. grew its holdings in Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after acquiring an additional 14,729 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Oxford Industries by 133.6% during the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after acquiring an additional 50,770 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the sale, the director now owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total transaction of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares in the company, valued at approximately $497,871. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s payout ratio is 35.41%.
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About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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