Oxford Industries (NYSE:OXM) Announces Earnings Results, Misses Expectations By $0.23 EPS

Oxford Industries (NYSE:OXM) posted its earnings results on Wednesday. The textile maker reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23), Briefing.com reports. The firm had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 22.19%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 EPS.

Oxford Industries Stock Performance

OXM opened at $84.12 on Friday. The company has a 50 day simple moving average of $92.98 and a two-hundred day simple moving average of $100.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68. The firm has a market cap of $1.32 billion, a P/E ratio of 34.05 and a beta of 1.53. Oxford Industries has a 1-year low of $74.95 and a 1-year high of $113.88.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, October 18th. Oxford Industries’s dividend payout ratio is currently 108.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OXM shares. Citigroup lowered their price objective on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research note on Thursday, June 13th. UBS Group decreased their price target 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. Finally, Telsey Advisory Group cut their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Oxford Industries presently has a consensus rating of “Hold” and a consensus target price of $95.80.

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.