Wall Street brokerages forecast that Oxford Industries Inc (NYSE:OXM) will announce sales of $302.96 million for the current quarter, Zacks reports. Three analysts have issued estimates for Oxford Industries’ earnings, with the highest sales estimate coming in at $305.40 million and the lowest estimate coming in at $299.40 million. Oxford Industries posted sales of $293.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The firm is expected to report its next earnings report after the market closes on Thursday, March 28th.
According to Zacks, analysts expect that Oxford Industries will report full year sales of $1.11 billion for the current financial year. For the next fiscal year, analysts expect that the company will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Oxford Industries.
A number of brokerages have commented on OXM. CL King began coverage on Oxford Industries in a research report on Friday, December 28th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Telsey Advisory Group dropped their price objective on Oxford Industries from $93.00 to $76.00 and set a “market perform” rating for the company in a report on Thursday, December 13th. Finally, DA Davidson downgraded Oxford Industries from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Thursday, December 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $90.00.
A number of institutional investors have recently bought and sold shares of OXM. Oppenheimer Asset Management Inc. acquired a new position in Oxford Industries in the 4th quarter valued at $41,000. Meeder Asset Management Inc. purchased a new stake in Oxford Industries in the 4th quarter worth $50,000. Tower Research Capital LLC TRC lifted its stake in Oxford Industries by 167.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the textile maker’s stock worth $107,000 after purchasing an additional 744 shares in the last quarter. HRT Financial LLC purchased a new stake in Oxford Industries in the 4th quarter worth $204,000. Finally, GSA Capital Partners LLP purchased a new stake in Oxford Industries in the 4th quarter worth $209,000. Hedge funds and other institutional investors own 91.50% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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's products under the Southern Tide brand.
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