Oxford Industries (NYSE:OXM) Issues Q4 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.18-$1.38 for the period, compared to the consensus earnings per share estimate of $1.55. The company issued revenue guidance of $375-$395 million, compared to the consensus revenue estimate of $389.26 million.

Wall Street Analyst Weigh In

OXM has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. UBS Group reduced 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Price Performance

Shares of OXM traded up $0.82 during midday trading on Wednesday, hitting $84.11. 581,212 shares of the company traded hands, compared to its average volume of 277,059. Oxford Industries has a one year low of $72.24 and a one year high of $113.88. The firm has a market cap of $1.32 billion, a P/E ratio of 45.79 and a beta of 1.56. The stock has a 50-day moving average of $77.75 and a 200-day moving average of $88.93.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. During the same quarter last year, the company posted $3.45 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Oxford Industries will post 7.16 EPS for the current fiscal year.

Insider Activity

In related 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 transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

About Oxford Industries

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.