Oxford Industries (NYSE:OXM) Updates Q1 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its first quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.600-2.800 for the period, compared to the consensus earnings per share estimate of 3.580. The company issued revenue guidance of $395.0 million-$415.0 million, compared to the consensus revenue estimate of $419.2 million. Oxford Industries also updated its FY 2024 guidance to 9.300-9.700 EPS.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a research note on Tuesday, March 19th. Telsey Advisory Group restated a market perform rating and set a $102.00 price objective on shares of Oxford Industries in a research note on Monday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $103.20.

Oxford Industries Trading Down 0.1 %

Shares of Oxford Industries stock opened at $112.40 on Friday. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $113.88. The firm has a market cap of $1.76 billion, a PE ratio of 11.78 and a beta of 1.59. The stock has a fifty day moving average price of $101.39 and a 200-day moving average price of $96.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.63.

Institutional Investors Weigh In On Oxford Industries

Several large investors have recently made changes to their positions in OXM. PNC Financial Services Group Inc. increased its position in shares of Oxford Industries by 52.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock valued at $388,000 after purchasing an additional 1,475 shares during the last quarter. Bank of Montreal Can increased its holdings in Oxford Industries by 5.8% in the 1st quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after acquiring an additional 286 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Oxford Industries by 62.5% in the 1st quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock worth $782,000 after acquiring an additional 3,323 shares during the last quarter. Rhumbline Advisers increased its holdings in Oxford Industries by 2.9% in the 1st quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock worth $4,205,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Oxford Industries by 14.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock worth $1,239,000 after acquiring an additional 1,685 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

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; 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; and men, women, and kids products under the Southern Tide brand.