Oxford Industries (NYSE:OXM) Updates Q4 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.180-1.380 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $375.0 million-$395.0 million, compared to the consensus revenue estimate of $389.3 million. Oxford Industries also updated its FY 2024 guidance to 6.500-6.700 EPS.

Analyst Upgrades and Downgrades

OXM has been the subject of several research reports. Citigroup cut their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. UBS Group reduced their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Price Performance

OXM opened at $76.87 on Friday. The company’s 50 day simple moving average is $77.79 and its two-hundred day simple moving average is $88.82. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 86.37 and a beta of 1.56. Oxford Industries has a 1-year low of $72.24 and a 1-year high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 19.26% and a net margin of 0.98%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. On average, equities analysts anticipate that Oxford Industries will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, January 17th. Oxford Industries’s payout ratio is presently 301.13%.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

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.