Oxford Industries (NYSE:OXM) Updates Q4 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.180-1.380 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $375.0 million-$395.0 million, compared to the consensus revenue estimate of $389.3 million. Oxford Industries also updated its FY 2024 guidance to 6.500-6.700 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OXM shares. Citigroup cut their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th. Finally, UBS Group decreased their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $84.18 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 46.25 and a beta of 1.56. Oxford Industries has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The company’s 50 day simple moving average is $77.81 and its 200 day simple moving average is $88.90.

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

Insiders Place Their Bets

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the business’s 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 sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

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.