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Oxford Industries (NYSE:OXM – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 9.300-9.700 for the period, compared to the consensus EPS 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.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Telsey Advisory Group reiterated a market perform rating and set a $102.00 price objective on shares of Oxford Industries in a research note on Monday, March 25th. UBS Group lifted their price target on shares of Oxford Industries from $105.00 to $106.00 and gave the stock a neutral rating in a research report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $103.20.
Get Our Latest Stock Analysis on Oxford Industries
Oxford Industries Trading Down 0.1 %
Oxford Industries stock opened at $112.40 on Friday. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $113.88. 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 has a market cap of $1.76 billion, a price-to-earnings ratio of 30.46 and a beta of 1.59. The firm’s 50 day moving average price is $101.70 and its two-hundred day moving average price is $96.79.
Oxford Industries (NYSE:OXM – Get Free Report) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The firm had revenue of $404.43 million for the quarter, compared to analysts’ expectations of $408.28 million. Oxford Industries had a return on equity of 26.08% and a net margin of 3.86%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. On average, research analysts predict that Oxford Industries will post 10.28 EPS for the current fiscal year.
Oxford Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. Oxford Industries’s dividend payout ratio (DPR) is 70.46%.
Institutional Investors Weigh In On Oxford Industries
A number of institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Oxford Industries in the 4th quarter valued at $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Oxford Industries in the 4th quarter valued at $35,000. Quarry LP lifted its stake in shares of Oxford Industries by 602.0% in the 2nd quarter. Quarry LP now owns 358 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 307 shares during the last quarter. UBS Group AG lifted its stake in shares of Oxford Industries by 51.4% in the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 170 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Oxford Industries by 154.2% in the 4th quarter. State of Wyoming now owns 943 shares of the textile maker’s stock valued at $88,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.
Oxford Industries Company Profile
(Get Free Report)
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.
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