Oxford Industries (NYSE:OXM) Announces Quarterly Earnings Results

Oxford Industries (NYSE:OXM) released its earnings results on Thursday. The textile maker reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09, Briefing.com reports. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. During the same period in the prior year, the company posted $1.90 EPS. The company’s revenue was down 3.4% compared to the same quarter last year.

Oxford Industries Trading Up 1.5 %

Oxford Industries stock traded up $0.92 during mid-day trading on Thursday, reaching $62.69. 521,851 shares of the company traded hands, compared to its average volume of 325,532. The firm’s 50 day moving average price is $70.73 and its 200 day moving average price is $76.98. Oxford Industries has a 52-week low of $54.02 and a 52-week high of $113.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market capitalization of $984.30 million, a price-to-earnings ratio of 70.44 and a beta of 1.61.

Wall Street Analyst Weigh In

OXM has been the topic of a number of research reports. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday. KeyCorp cut their target price on Oxford Industries from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group decreased their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by company insiders.

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.