Equities analysts expect Oxford Industries Inc (NYSE:OXM) to report $302.96 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Oxford Industries’ earnings, with the lowest sales estimate coming in at $299.40 million and the highest estimate coming in at $305.40 million. Oxford Industries reported sales of $293.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, March 27th.
On average, analysts expect that Oxford Industries will report full year sales of $1.11 billion for the current financial year. For the next year, analysts expect that the business will report sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Oxford Industries.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, December 12th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). Oxford Industries had a return on equity of 15.56% and a net margin of 6.69%. The business had revenue of $233.70 million for the quarter, compared to analysts’ expectations of $242.45 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.
In other news, Director John R. Holder purchased 500 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was acquired at an average price of $69.89 per share, for a total transaction of $34,945.00. Following the acquisition, the director now directly owns 21,134 shares of the company’s stock, valued at approximately $1,477,055.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.07% of the company’s stock.
Large investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Oxford Industries by 74.9% in the 3rd quarter. Deutsche Bank AG now owns 120,439 shares of the textile maker’s stock valued at $10,862,000 after purchasing an additional 51,576 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Oxford Industries by 33.9% during the 3rd quarter. Riverhead Capital Management LLC now owns 2,765 shares of the textile maker’s stock worth $250,000 after acquiring an additional 700 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Oxford Industries by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 39,416 shares of the textile maker’s stock worth $3,548,000 after acquiring an additional 2,672 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of Oxford Industries by 13.0% during the 4th quarter. Peregrine Capital Management LLC now owns 92,051 shares of the textile maker’s stock worth $6,539,000 after acquiring an additional 10,597 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Oxford Industries by 1,335.0% during the 4th quarter. SG Americas Securities LLC now owns 38,529 shares of the textile maker’s stock worth $2,737,000 after acquiring an additional 35,844 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:OXM traded up $0.11 during trading on Tuesday, hitting $76.78. 4,580 shares of the company’s stock were exchanged, compared to its average volume of 120,828. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. Oxford Industries has a 52-week low of $63.50 and a 52-week high of $97.19. The stock has a market capitalization of $1.30 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.63 and a beta of 0.31.
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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