Oxford Industries (NYSE:OXM) Issues Q3 2022 Earnings Guidance

Oxford Industries (NYSE:OXMGet Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $0.90-$1.05 for the period, compared to the consensus EPS estimate of $1.05. The company issued revenue guidance of $270.00 million-$280.00 million, compared to the consensus revenue estimate of $266.58 million. Oxford Industries also updated its FY 2022 guidance to $9.85-$10.10 EPS.

Oxford Industries Stock Performance

NYSE:OXM opened at $92.11 on Friday. The stock has a fifty day moving average price of $98.68 and a 200-day moving average price of $92.33. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 9.23 and a beta of 1.45. Oxford Industries has a fifty-two week low of $76.21 and a fifty-two week high of $119.50.

Oxford Industries (NYSE:OXMGet Rating) last announced its quarterly earnings data on Thursday, September 1st. The textile maker reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.13. Oxford Industries had a return on equity of 32.27% and a net margin of 13.09%. The business had revenue of $363.43 million during the quarter, compared to the consensus estimate of $363.92 million. During the same period in the prior year, the company earned $3.24 EPS. Oxford Industries’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts predict that Oxford Industries will post 10.03 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.39%. Oxford Industries’s dividend payout ratio is currently 22.04%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler upped their price objective on Oxford Industries from $110.00 to $130.00 and gave the stock an overweight rating in a research report on Tuesday, August 23rd. Citigroup upped their price objective on Oxford Industries from $86.00 to $92.00 and gave the stock a sell rating in a research report on Thursday, June 9th. KeyCorp upped their target price on Oxford Industries from $110.00 to $120.00 and gave the stock an overweight rating in a report on Friday, September 2nd. Finally, StockNews.com cut Oxford Industries from a buy rating to a hold rating in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Oxford Industries currently has an average rating of Moderate Buy and an average target price of $117.00.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently bought and sold shares of OXM. PNC Financial Services Group Inc. increased its stake in shares of Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock valued at $388,000 after buying an additional 1,475 shares during the period. Bank of Montreal Can increased its stake in shares of Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock valued at $488,000 after buying an additional 286 shares during the period. MetLife Investment Management LLC increased its stake in shares of Oxford Industries by 62.5% in the first quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock valued at $782,000 after buying an additional 3,323 shares during the period. Rhumbline Advisers increased its stake in shares of Oxford Industries by 2.9% in the first quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock valued at $4,205,000 after buying an additional 1,311 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Oxford Industries by 14.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock valued at $1,239,000 after buying an additional 1,685 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.

Oxford Industries Company Profile

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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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.

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

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