Oxford Industries (NYSE:OXM) Releases Q4 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.18-$1.38 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OXM. Citigroup cut their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, UBS Group decreased 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 note on Thursday, September 5th.

Oxford Industries Stock Up 1.0 %

NYSE:OXM traded up $0.82 on Wednesday, hitting $84.11. The stock had a trading volume of 592,799 shares, compared to its average volume of 277,951. Oxford Industries has a 52 week low of $72.24 and a 52 week high of $113.88. The business’s fifty day moving average is $77.75 and its 200 day moving average is $88.93. The company has a market cap of $1.32 billion, a PE ratio of 46.21 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. Oxford Industries’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities analysts predict that Oxford Industries will post 7.16 earnings per share for the current fiscal year.

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction on Tuesday, September 24th. The stock was 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 directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently 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.