$329.14 Million in Sales Expected for Oxford Industries, Inc. (NYSE:OXM) This Quarter

Wall Street brokerages predict that Oxford Industries, Inc. (NYSE:OXMGet Rating) will report sales of $329.14 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Oxford Industries’ earnings. The highest sales estimate is $332.90 million and the lowest is $325.58 million. Oxford Industries posted sales of $265.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Oxford Industries will report full-year sales of $1.26 billion for the current fiscal year, with estimates ranging from $1.24 billion to $1.27 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.31 billion, with estimates ranging from $1.29 billion to $1.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Oxford Industries.

Oxford Industries (NYSE:OXMGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The textile maker reported $1.68 EPS for the quarter, beating the consensus estimate of $1.36 by $0.32. The business had revenue of $299.92 million during the quarter, compared to analyst estimates of $295.07 million. Oxford Industries had a return on equity of 28.33% and a net margin of 11.50%. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share.

Several equities analysts have recently weighed in on OXM shares. Citigroup raised their price target on Oxford Industries from $84.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, March 24th. Truist Financial started coverage on Oxford Industries in a report on Thursday, April 7th. They set a “buy” rating and a $126.00 price target for the company. Finally, StockNews.com downgraded Oxford Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $115.29.

Several institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC purchased a new position in shares of Oxford Industries during the 4th quarter valued at about $30,000. First Quadrant L P CA purchased a new position in shares of Oxford Industries during the 4th quarter valued at about $39,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Oxford Industries during the 4th quarter valued at about $51,000. Point72 Hong Kong Ltd lifted its position in shares of Oxford Industries by 540.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock valued at $57,000 after buying an additional 470 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new position in shares of Oxford Industries during the 1st quarter valued at about $63,000. Institutional investors and hedge funds own 87.97% of the company’s stock.

Oxford Industries stock traded up $1.00 on Monday, hitting $83.96. 134,717 shares of the stock traded hands, compared to its average volume of 191,133. Oxford Industries has a 1 year low of $76.21 and a 1 year high of $114.47. The business’s fifty day simple moving average is $88.88 and its 200 day simple moving average is $92.43. The firm has a market cap of $1.37 billion, a P/E ratio of 10.78 and a beta of 1.61.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were paid a dividend of $0.55 per share. This is an increase from Oxford Industries’s previous quarterly dividend of $0.42. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, April 13th. Oxford Industries’s payout ratio is currently 28.24%.

About Oxford Industries (Get Rating)

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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.

Further Reading

Get a free copy of the Zacks research report on Oxford Industries (OXM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Oxford Industries (NYSE:OXM)

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.