Oxford Industries (NYSE:OXM) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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Oxford Industries (NYSE:OXM) released its quarterly earnings data on Wednesday. The textile maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02, Bloomberg Earnings reports. The company had revenue of $241.22 million during the quarter, compared to the consensus estimate of $240.34 million. Oxford Industries had a return on equity of 15.05% and a net margin of 6.27%. Oxford Industries’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS.

NYSE OXM opened at $74.40 on Thursday. The stock’s 50 day moving average is $72.14 and its 200 day moving average is $71.32. The company has a current ratio of 1.62, a quick ratio of 0.68 and a debt-to-equity ratio of 0.56. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $85.36. The stock has a market cap of $1.30 billion, a PE ratio of 17.22 and a beta of 0.48.

A number of research firms have issued reports on OXM. Citigroup set a $86.00 price target on Oxford Industries and gave the company a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson restated a “neutral” rating on shares of Oxford Industries in a research note on Monday, November 4th. Telsey Advisory Group cut their price target on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. Finally, B. Riley cut their price target on Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.43.

In other news, EVP Scott Grassmyer sold 2,838 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $73.07, for a total transaction of $207,372.66. Following the sale, the executive vice president now directly owns 33,311 shares of the company’s stock, valued at approximately $2,434,034.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Earnings History for Oxford Industries (NYSE:OXM)

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