Oxford Industries (NYSE:OXM) Announces Quarterly Earnings Results

Oxford Industries (NYSE:OXM) released its 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 firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share.

Oxford Industries Trading Up 1.0 %

Shares of OXM traded up $0.82 on Wednesday, reaching $84.11. 581,408 shares of the company’s stock were exchanged, compared to its average volume of 277,951. Oxford Industries has a 12 month low of $72.24 and a 12 month high of $113.88. The stock has a market capitalization of $1.32 billion, a P/E ratio of 46.21 and a beta of 1.56. The business has a 50 day moving average price of $77.75 and a two-hundred day moving average price of $88.93.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by 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.