Oxford Industries (NYSE:OXM) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Oxford Industries (NYSE:OXM) posted its quarterly earnings results on Wednesday. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23), Briefing.com reports. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The company had revenue of $419.89 million during the quarter, compared to analysts’ expectations of $438.16 million. During the same quarter last year, the company earned $3.45 earnings per share. Oxford Industries’s revenue for the quarter was down .1% on a year-over-year basis.

Oxford Industries Stock Up 0.3 %

Oxford Industries stock opened at $83.62 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. The firm has a 50 day moving average price of $93.28 and a 200 day moving average price of $101.07. Oxford Industries has a fifty-two week low of $80.83 and a fifty-two week high of $113.88. The company has a market capitalization of $1.31 billion, a PE ratio of 33.85 and a beta of 1.53.

Wall Street Analysts Forecast Growth

OXM has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price target on shares of Oxford Industries in a report on Thursday, September 5th. UBS Group decreased their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Citigroup dropped their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.60.

Insider Transactions at Oxford Industries

In related news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total value of $1,752,421.40. Following the sale, the executive vice president now owns 24,865 shares in the company, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.