Equities Analysts Offer Predictions for Oxford Industries Inc’s FY2019 Earnings (OXM)

Oxford Industries Inc (NYSE:OXM) – KeyCorp boosted their FY2019 earnings per share estimates for Oxford Industries in a research report issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings per share of $4.64 for the year, up from their prior estimate of $4.62. KeyCorp has a “Buy” rating and a $78.00 price objective on the stock. KeyCorp also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.19 EPS.

Several other analysts also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $84.00 price target on shares of Oxford Industries in a research note on Tuesday, January 9th. SunTrust Banks lifted their price target on shares of Oxford Industries to $90.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Friday, January 5th. DA Davidson raised shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Thursday, January 4th. Finally, Telsey Advisory Group lifted their price target on shares of Oxford Industries from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.80.

Shares of Oxford Industries (OXM) opened at $79.37 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. The stock has a market cap of $1,344.47, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.36. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $84.32.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, January 18th. Oxford Industries’s dividend payout ratio is presently 35.41%.

In related news, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total transaction of $381,187.50. Following the transaction, the insider now directly owns 6,204 shares of the company’s stock, valued at $497,871. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the transaction, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The disclosure for this sale can be found here. Insiders own 3.29% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. QS Investors LLC increased its holdings in Oxford Industries by 0.4% during the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after buying an additional 15 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Oxford Industries by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock worth $795,000 after purchasing an additional 470 shares during the last quarter. Teachers Advisors LLC grew its holdings in Oxford Industries by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 29,519 shares of the textile maker’s stock worth $2,220,000 after purchasing an additional 775 shares during the last quarter. New Amsterdam Partners LLC NY grew its holdings in Oxford Industries by 3.0% in the fourth quarter. New Amsterdam Partners LLC NY now owns 26,917 shares of the textile maker’s stock worth $2,024,000 after purchasing an additional 781 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Oxford Industries by 3.1% in the fourth quarter. First Trust Advisors LP now owns 27,298 shares of the textile maker’s stock worth $2,053,000 after purchasing an additional 830 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

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Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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