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

Oxford Industries, Inc. (NYSE:OXMGet Rating) – Telsey Advisory Group lifted their Q3 2023 earnings estimates for Oxford Industries in a note issued to investors on Tuesday, September 20th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will post earnings per share of $1.25 for the quarter, up from their prior estimate of $1.05. The consensus estimate for Oxford Industries’ current full-year earnings is $10.51 per share. Telsey Advisory Group also issued estimates for Oxford Industries’ Q4 2023 earnings at $2.17 EPS, Q3 2024 earnings at $1.34 EPS and Q4 2024 earnings at $2.36 EPS.

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

OXM has been the topic of a number of other research reports. StockNews.com raised Oxford Industries from a “hold” rating to a “buy” rating in a report on Thursday. Piper Sandler raised their price objective on Oxford Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday. KeyCorp boosted 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, Citigroup raised Oxford Industries from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $92.00 to $105.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.50.

Oxford Industries Stock Down 0.5 %

Shares of Oxford Industries stock opened at $91.70 on Thursday. Oxford Industries has a 52-week low of $76.21 and a 52-week high of $119.50. The company’s 50-day simple moving average is $99.20 and its 200-day simple moving average is $92.51. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 9.19 and a beta of 1.45.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in OXM. M&G Investment Management Ltd. purchased a new stake in Oxford Industries in the 2nd quarter valued at about $1,640,000. ExodusPoint Capital Management LP purchased a new position in Oxford Industries during the second quarter worth approximately $1,420,000. JBF Capital Inc. acquired a new position in shares of Oxford Industries in the 2nd quarter valued at $284,000. Captrust Financial Advisors increased its holdings in shares of Oxford Industries by 8.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock worth $197,000 after buying an additional 166 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Oxford Industries by 16.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,095 shares of the textile maker’s stock worth $1,340,000 after buying an additional 2,170 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

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 paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, October 13th. Oxford Industries’s payout ratio is 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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