Oxford Industries (NYSE:OXM) Releases Earnings Results, Beats Expectations By $0.09 EPS

Oxford Industries (NYSE:OXM) announced its quarterly earnings results on Thursday. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09, Briefing.com reports. The firm had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. Oxford Industries’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS.

Oxford Industries Price Performance

Oxford Industries stock opened at $58.93 on Friday. The company has a fifty day simple moving average of $69.73 and a 200-day simple moving average of $76.72. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $925.26 million, a price-to-earnings ratio of 66.21 and a beta of 1.61. Oxford Industries has a 52-week low of $53.23 and a 52-week high of $111.46.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s payout ratio is 301.12%.

Wall Street Analysts Forecast Growth

OXM has been the subject of several research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Friday. UBS Group reduced their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Telsey Advisory Group dropped their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th.

Insider Buying and Selling

In related news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by company insiders.

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.