Analysts Anticipate Oxford Industries Inc (NYSE:OXM) Will Announce Quarterly Sales of $241.46 Million

Wall Street brokerages expect Oxford Industries Inc (NYSE:OXM) to post sales of $241.46 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Oxford Industries’ earnings, with estimates ranging from $240.38 million to $242.50 million. Oxford Industries reported sales of $233.66 million in the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is expected to issue its next earnings report on Wednesday, December 11th.

According to Zacks, analysts expect that Oxford Industries will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.18 billion, with estimates ranging from $1.17 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Oxford Industries.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.02). The company had revenue of $302.00 million for the quarter, compared to analysts’ expectations of $306.98 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS.

A number of research firms have weighed in on OXM. B. Riley reduced their price objective on Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. ValuEngine upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Telsey Advisory Group reduced their price objective on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Oxford Industries has a consensus rating of “Buy” and a consensus target price of $85.38.

Shares of NYSE OXM traded down $0.23 during trading on Tuesday, reaching $73.92. 10,700 shares of the company traded hands, compared to its average volume of 152,990. The firm’s fifty day simple moving average is $69.48 and its 200 day simple moving average is $74.27. The stock has a market cap of $1.33 billion, a P/E ratio of 17.19, a PEG ratio of 1.71 and a beta of 0.48. Oxford Industries has a 12-month low of $63.50 and a 12-month high of $93.52. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. Oxford Industries’s dividend payout ratio (DPR) is presently 34.26%.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Oxford Industries by 13.6% during the second quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock valued at $214,926,000 after purchasing an additional 339,482 shares in the last quarter. Victory Capital Management Inc. increased its stake in Oxford Industries by 38.2% in the 2nd quarter. Victory Capital Management Inc. now owns 686,983 shares of the textile maker’s stock valued at $52,073,000 after buying an additional 189,885 shares during the period. Marshall Wace LLP acquired a new position in Oxford Industries in the 2nd quarter valued at approximately $8,619,000. Fort Washington Investment Advisors Inc. OH increased its stake in Oxford Industries by 102.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 190,500 shares of the textile maker’s stock valued at $14,440,000 after buying an additional 96,500 shares during the period. Finally, Westwood Holdings Group Inc. increased its stake in Oxford Industries by 16.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock valued at $42,589,000 after buying an additional 81,732 shares during the period. Hedge funds and other institutional investors own 98.57% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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's products under the Southern Tide brand.

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