Telsey Advisory Group Brokers Increase Earnings Estimates for Oxford Industries, Inc. (NYSE:OXM)

Oxford Industries, Inc. (NYSE:OXMGet Rating) – Research analysts at Telsey Advisory Group upped their FY2023 earnings estimates for Oxford Industries in a report issued on Tuesday, September 20th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $10.55 per share for the year, up from their previous forecast of $10.05. The consensus estimate for Oxford Industries’ current full-year earnings is $10.03 per share. Telsey Advisory Group also issued estimates for Oxford Industries’ Q1 2024 earnings at $3.74 EPS, Q2 2024 earnings at $3.72 EPS and FY2024 earnings at $11.15 EPS.

Oxford Industries (NYSE:OXMGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The textile maker reported $3.61 EPS for the quarter, topping the consensus estimate of $3.48 by $0.13. The company had revenue of $363.43 million during the quarter, compared to analyst estimates of $363.92 million. Oxford Industries had a net margin of 13.09% and a return on equity of 32.27%. Oxford Industries’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.24 earnings per share.

Several other research analysts have also commented on OXM. Citigroup lifted their price objective on shares of Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a research note on Thursday, June 9th. Piper Sandler lifted their target price on Oxford Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp lifted their target price on Oxford Industries from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, September 2nd. Finally, StockNews.com downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Oxford Industries has a consensus rating of “Moderate Buy” and a consensus price target of $118.25.

Oxford Industries Stock Up 5.9 %

NYSE OXM opened at $95.32 on Wednesday. The company has a fifty day moving average of $98.91 and a two-hundred day moving average of $92.45. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 9.55 and a beta of 1.45. Oxford Industries has a 52 week low of $76.21 and a 52 week high of $119.50.

Institutional Trading of Oxford Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&G Investment Management Ltd. bought a new stake in shares of Oxford Industries in the second quarter valued at about $1,640,000. ExodusPoint Capital Management LP bought a new stake in shares of Oxford Industries in the second quarter valued at about $1,420,000. JBF Capital Inc. bought a new stake in shares of Oxford Industries in the second quarter valued at about $284,000. Captrust Financial Advisors raised its holdings in shares of Oxford Industries by 8.1% in the second quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock valued at $197,000 after acquiring an additional 166 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Oxford Industries by 16.8% in the second quarter. Thrivent Financial for Lutherans now owns 15,095 shares of the textile maker’s stock valued at $1,340,000 after acquiring an additional 2,170 shares in the last quarter. 93.03% of the stock is currently owned by institutional investors.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.31%. Oxford Industries’s payout ratio is currently 22.04%.

Oxford Industries Company Profile

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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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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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