Oxford Industries (NYSE:OXM) Releases Earnings Results

Oxford Industries (NYSE:OXM) posted its quarterly earnings results on Wednesday. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23), Briefing.com reports. The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. Oxford Industries’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.45 earnings per share.

Oxford Industries Price Performance

Shares of OXM opened at $83.62 on Thursday. Oxford Industries has a 12-month low of $80.83 and a 12-month high of $113.88. The business’s fifty day moving average is $93.28 and its 200 day moving average is $101.07. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.31 billion, a P/E ratio of 33.85 and a beta of 1.53.

Insider Buying and Selling

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now directly owns 24,865 shares in the company, valued at approximately $2,484,262.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OXM shares. UBS Group cut their price target on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price target on shares of Oxford Industries in a report on Thursday, September 5th. Finally, Citigroup cut their target price on Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $100.60.

Oxford Industries Company Profile

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.