Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.000-0.200 for the period, compared to the consensus EPS estimate of 1.090. The company issued revenue guidance of $310.0 million-$325.0 million, compared to the consensus revenue estimate of $352.5 million. Oxford Industries also updated its FY25 guidance to $7.00-7.30 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price target on shares of Oxford Industries in a report on Thursday, September 5th. Citigroup dropped their target price on shares of Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a research report on Thursday, June 13th. Finally, UBS Group reduced their price target on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $100.60.

Oxford Industries Price Performance

OXM traded up $0.29 during trading hours on Wednesday, hitting $83.66. The company’s stock had a trading volume of 910,324 shares, compared to its average volume of 247,357. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 33.85 and a beta of 1.53. The business’s 50-day moving average price is $93.59 and its 200-day moving average price is $101.20. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. Oxford Industries has a 12 month low of $80.83 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). The business had revenue of $398.18 million during the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 earnings per share. Sell-side analysts expect that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Oxford Industries

In other news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.