Oxford Industries (NYSE:OXM) Updates Q4 Earnings Guidance

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

NYSE:OXM traded up $0.82 during midday trading on Wednesday, reaching $84.11. 581,212 shares of the stock traded hands, compared to its average volume of 277,059. The stock has a market capitalization of $1.32 billion, a P/E ratio of 45.79 and a beta of 1.56. Oxford Industries has a 12 month low of $72.24 and a 12 month high of $113.88. The company has a fifty day moving average of $77.75 and a 200 day moving average of $88.93.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. During the same period in the previous year, the business earned $3.45 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts predict that Oxford Industries will post 7.16 EPS for the current fiscal year.

Analysts Set New Price Targets

OXM has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. UBS Group dropped their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th.

Insider Activity

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 of the company’s stock, valued at approximately $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

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.