Brokers Offer Predictions for Oxford Industries Inc’s Q2 2018 Earnings (OXM)

Oxford Industries Inc (NYSE:OXM) – Equities researchers at DA Davidson lowered their Q2 2018 EPS estimates for Oxford Industries in a report issued on Wednesday. DA Davidson analyst A. Burns now expects that the textile maker will post earnings of $1.41 per share for the quarter, down from their prior estimate of $1.60. DA Davidson also issued estimates for Oxford Industries’ Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $3.98 EPS.

Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.08. The business had revenue of $272.40 million during the quarter, compared to the consensus estimate of $273.40 million. Oxford Industries had a return on equity of 17.54% and a net margin of 5.87%. Oxford Industries’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

A number of other research analysts have also weighed in on the stock. Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a research note on Monday, June 5th. Zacks Investment Research upgraded shares of Oxford Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Citigroup Inc reduced their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, March 24th. Finally, Wunderlich reduced their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.29.

Shares of Oxford Industries (OXM) opened at 61.49 on Thursday. The company’s 50-day moving average price is $56.68 and its 200-day moving average price is $57.76. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.53 and a beta of 0.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its position in Oxford Industries by 201.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 18,970 shares of the textile maker’s stock worth $1,086,000 after buying an additional 12,670 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Oxford Industries by 11.8% in the first quarter. Westwood Holdings Group Inc. now owns 237,110 shares of the textile maker’s stock worth $13,577,000 after buying an additional 25,035 shares in the last quarter. Paloma Partners Management Co raised its position in Oxford Industries by 119.4% in the first quarter. Paloma Partners Management Co now owns 43,324 shares of the textile maker’s stock worth $2,481,000 after buying an additional 23,574 shares in the last quarter. State Street Corp raised its position in Oxford Industries by 7.2% in the first quarter. State Street Corp now owns 353,079 shares of the textile maker’s stock worth $20,218,000 after buying an additional 23,768 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Oxford Industries by 14.8% in the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after buying an additional 19,675 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OXM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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