Oxford Industries (NYSE:OXM) Releases Q4 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.180-1.380 for the period, compared to the consensus estimate of 1.550. The company issued revenue guidance of $375.0 million-$395.0 million, compared to the consensus revenue estimate of $389.3 million. Oxford Industries also updated its FY 2024 guidance to 6.500-6.700 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th. UBS Group cut their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Citigroup cut their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th.

Oxford Industries Stock Performance

NYSE OXM traded up $0.82 during trading hours on Wednesday, reaching $84.11. The stock had a trading volume of 592,799 shares, compared to its average volume of 277,951. The stock has a fifty day moving average of $77.75 and a 200 day moving average of $88.93. The stock has a market cap of $1.32 billion, a P/E ratio of 46.21 and a beta of 1.56. Oxford Industries has a 52-week low of $72.24 and a 52-week high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, equities research analysts forecast that Oxford Industries will post 7.16 EPS for the current year.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.70% of the stock is owned by insiders.

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.