Oxford Industries (NYSE:OXM) released its earnings results on Tuesday. The textile maker reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.83, MarketWatch Earnings reports. The business had revenue of $265.76 million for the quarter, compared to analyst estimates of $233.07 million. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The company’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.12) earnings per share.
OXM traded up $8.40 during trading hours on Thursday, hitting $106.50. The company’s stock had a trading volume of 6,593 shares, compared to its average volume of 93,242. Oxford Industries has a fifty-two week low of $37.89 and a fifty-two week high of $98.40. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -18.80 and a beta of 1.84. The business’s 50-day moving average is $91.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 16th were given a $0.37 dividend. This is a boost from Oxford Industries’s previous quarterly dividend of $0.25. This represents a $1.48 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 15th. Oxford Industries’s dividend payout ratio (DPR) is currently -81.77%.
In other news, EVP Thomas E. Campbell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total value of $426,250.00. Following the completion of the sale, the executive vice president now owns 41,388 shares of the company’s stock, valued at $3,528,327. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.80% of the company’s stock.
About Oxford Industries
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 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.
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