Oxford Industries (NYSE:OXM) Posts Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Oxford Industries (NYSE:OXM) issued its quarterly earnings data on Wednesday. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20), Briefing.com reports. The company had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share.

Oxford Industries Stock Performance

Shares of OXM stock traded up $0.82 on Wednesday, hitting $84.11. The company’s stock had a trading volume of 581,408 shares, compared to its average volume of 277,951. Oxford Industries has a fifty-two week low of $72.24 and a fifty-two week high of $113.88. The stock’s 50 day moving average is $77.75 and its 200-day moving average is $88.93. The company has a market capitalization of $1.32 billion, a PE ratio of 46.21 and a beta of 1.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th. Citigroup decreased their price target on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, UBS Group cut their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th.

Insider Buying and Selling at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at $2,727,007.56. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.