Oxford Industries (NYSE:OXM) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

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

Oxford Industries Trading Up 1.5 %

Shares of NYSE OXM opened at $62.69 on Friday. Oxford Industries has a 1 year low of $53.50 and a 1 year 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 50-day moving average of $70.26 and a 200 day moving average of $76.88. The stock has a market cap of $984.30 million, a P/E ratio of 70.44 and a beta of 1.61.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OXM. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday. KeyCorp lowered their price objective on shares of Oxford Industries from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group reduced their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction on Tuesday, January 14th. The stock was 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 approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.