Oxford Industries (NYSE:OXM) Issues Q4 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.18-$1.38 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of $375-$395 million, compared to the consensus revenue estimate of $389.26 million. Oxford Industries also updated its FY 2024 guidance to 6.500-6.700 EPS.

Wall Street Analysts Forecast Growth

OXM has been the topic of several research analyst reports. Citigroup decreased their price target 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 lowered their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Price Performance

Shares of Oxford Industries stock opened at $76.87 on Friday. Oxford Industries has a 52-week low of $72.24 and a 52-week high of $113.88. The firm has a market capitalization of $1.21 billion, a PE ratio of 86.37 and a beta of 1.56. The company’s fifty day moving average price is $77.79 and its two-hundred day moving average price is $88.82.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 19.26% and a net margin of 0.98%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. Analysts predict that Oxford Industries will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.49%. Oxford Industries’s payout ratio is presently 301.13%.

Insider Transactions at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction that occurred 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 transaction, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.70% of the stock is owned by insiders.

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.