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

Oxford Industries (NYSE:OXM) released its earnings results on Wednesday. The textile maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02, Bloomberg Earnings reports. The business had revenue of $241.22 million for 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%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share.

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

Several equities analysts have recently weighed in on the company. Telsey Advisory Group decreased their target price on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating on the stock in a research report on Thursday, September 12th. B. Riley decreased their target price on Oxford Industries from $97.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. DA Davidson restated a “neutral” rating on shares of Oxford Industries in a research report on Monday, November 4th. Citigroup set a $86.00 target price on Oxford Industries and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $81.43.

In related news, EVP Scott Grassmyer sold 2,838 shares of Oxford Industries 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 transaction, the executive vice president now owns 33,311 shares in the company, valued at $2,434,034.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Oxford Industries Company Profile

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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Earnings History for Oxford Industries (NYSE:OXM)

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