Oxford Industries (NYSE:OXM) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Oxford Industries (NYSE:OXM) issued its earnings results on Thursday. The textile maker reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03, Zacks reports. Oxford Industries had a positive return on equity of 4.55% and a negative net margin of 2.65%.

Oxford Industries Price Performance

Shares of NYSE:OXM traded down $1.15 during midday trading on Thursday, reaching $36.59. The company’s stock had a trading volume of 488,463 shares, compared to its average volume of 369,210. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 0.60. The company has a market capitalization of $546.33 million, a P/E ratio of -13.86 and a beta of 1.06. Oxford Industries has a fifty-two week low of $30.57 and a fifty-two week high of $51.61. The business’s fifty day simple moving average is $37.37 and its 200-day simple moving average is $39.23.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were paid a $0.70 dividend. The ex-dividend date was Friday, July 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.7%. Oxford Industries’s dividend payout ratio (DPR) is -106.06%.

Insiders Place Their Bets

In related news, CEO Thomas Chubb, III acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $36.90 per share, for a total transaction of $92,250.00. Following the transaction, the chief executive officer directly owned 30,200 shares of the company’s stock, valued at approximately $1,114,380. This trade represents a 9.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.50% of the stock is owned by company insiders.

Institutional Trading of Oxford Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Oxford Industries during the third quarter worth approximately $38,000. BNP Paribas Financial Markets increased its stake in shares of Oxford Industries by 44.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 466 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Oxford Industries by 127.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 1,014 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Oxford Industries by 700.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the textile maker’s stock valued at $161,000 after acquiring an additional 3,500 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Oxford Industries during the 4th quarter worth approximately $203,000. 91.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial lowered their price target on Oxford Industries from $43.00 to $40.00 and set a “hold” rating on the stock in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. UBS Group reissued a “neutral” rating on shares of Oxford Industries in a report on Wednesday, August 26th. BTIG Research restated a “neutral” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $40.00.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.