Oxford Industries (NYSE:OXM) Announces Quarterly Earnings Results

Oxford Industries (NYSE:OXM) issued its quarterly earnings results on Wednesday. The textile maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20), Briefing.com reports. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share.

Oxford Industries Stock Performance

Shares of NYSE:OXM traded up $0.82 during mid-day trading on Wednesday, hitting $84.11. The stock had a trading volume of 592,799 shares, compared to its average volume of 277,951. The company’s 50 day moving average is $77.75 and its 200-day moving average is $88.93. Oxford Industries has a 12-month low of $72.24 and a 12-month high of $113.88. The company has a market cap of $1.32 billion, a PE ratio of 46.21 and a beta of 1.56.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now directly owns 31,428 shares in the company, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on OXM shares. UBS Group cut their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th.

Oxford Industries Company Profile

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.