Oxford Industries, Inc. (NYSE:OXM – Get Rating) – Equities research analysts at B. Riley raised their FY2023 earnings per share estimates for shares of Oxford Industries in a research note issued on Wednesday, June 8th. B. Riley analyst S. Anderson now forecasts that the textile maker will post earnings per share of $9.90 for the year, up from their prior forecast of $9.06. The consensus estimate for Oxford Industries’ current full-year earnings is $9.95 per share. B. Riley also issued estimates for Oxford Industries’ FY2024 earnings at $10.14 EPS.
Other research analysts have also issued reports about the stock. Citigroup raised their price target on shares of Oxford Industries from $86.00 to $92.00 and gave the company a “sell” rating in a research note on Thursday. Truist Financial initiated coverage on shares of Oxford Industries in a research note on Thursday, April 7th. They issued a “buy” rating and a $126.00 price target on the stock. Finally, StockNews.com lowered shares of Oxford Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oxford Industries has a consensus rating of “Hold” and a consensus price target of $111.00.
Shares of Oxford Industries stock opened at $93.91 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of 9.84 and a beta of 1.61. Oxford Industries has a twelve month low of $76.21 and a twelve month high of $110.37. The firm’s 50-day moving average price is $89.63 and its 200 day moving average price is $90.65.
Oxford Industries (NYSE:OXM – Get Rating) last issued its quarterly earnings results on Wednesday, June 8th. The textile maker reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.72. The firm had revenue of $352.58 million for the quarter, compared to analyst estimates of $329.03 million. Oxford Industries had a net margin of 13.04% and a return on equity of 32.41%. Oxford Industries’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC increased its holdings in shares of Oxford Industries by 5.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 2,287 shares of the textile maker’s stock worth $207,000 after buying an additional 117 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Oxford Industries by 2.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 6,424 shares of the textile maker’s stock worth $581,000 after buying an additional 127 shares during the last quarter. Gables Capital Management Inc. increased its holdings in shares of Oxford Industries by 1.8% during the 4th quarter. Gables Capital Management Inc. now owns 8,444 shares of the textile maker’s stock worth $857,000 after buying an additional 150 shares during the last quarter. Sei Investments Co. increased its holdings in Oxford Industries by 0.3% in the 1st quarter. Sei Investments Co. now owns 67,780 shares of the textile maker’s stock valued at $6,095,000 after purchasing an additional 225 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in Oxford Industries by 52.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 231 shares during the last quarter. 87.97% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, July 14th. Oxford Industries’s dividend payout ratio (DPR) is 23.06%.
Oxford Industries Company Profile (Get Rating)
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 and swimwear 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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Source: defenseworld.net
