Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.300-9.700 for the period, compared to the consensus estimate of 10.260. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Oxford Industries also updated its FY25 guidance to $9.30-9.70 EPS.

Oxford Industries Stock Down 0.1 %

Shares of NYSE OXM traded down $0.07 during trading hours on Thursday, hitting $112.40. The stock had a trading volume of 298,588 shares, compared to its average volume of 174,246. The company has a market capitalization of $1.76 billion, a P/E ratio of 11.78 and a beta of 1.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.63 and a current ratio of 1.37. The firm’s 50-day moving average price is $101.06 and its two-hundred day moving average price is $96.53. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on Oxford Industries from $105.00 to $106.00 and gave the stock a neutral rating in a research report on Tuesday, March 19th. Telsey Advisory Group reaffirmed a market perform rating and set a $102.00 target price on shares of Oxford Industries in a research report on Monday. Five research 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, Oxford Industries presently has an average rating of Hold and a consensus price target of $103.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OXM. Envestnet Asset Management Inc. raised its stake in shares of Oxford Industries by 2,350.6% in the first quarter. Envestnet Asset Management Inc. now owns 318,505 shares of the textile maker’s stock valued at $1,067,000 after purchasing an additional 305,508 shares in the last quarter. Norges Bank acquired a new position in shares of Oxford Industries in the fourth quarter valued at $14,156,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Oxford Industries in the first quarter valued at $10,185,000. Vanguard Group Inc. raised its stake in shares of Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock valued at $184,773,000 after purchasing an additional 104,007 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Oxford Industries by 391.2% in the second quarter. Renaissance Technologies LLC now owns 111,021 shares of the textile maker’s stock valued at $9,852,000 after purchasing an additional 88,421 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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; 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.