KeyCorp Comments on Oxford Industries, Inc.’s Q1 2019 Earnings (OXM)

Oxford Industries, Inc. (NYSE:OXM) – Stock analysts at KeyCorp boosted their Q1 2019 earnings per share (EPS) estimates for shares of Oxford Industries in a report released on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings per share of $1.45 for the quarter, up from their prior forecast of $1.23. KeyCorp currently has a “Buy” rating and a $78.00 target price on the stock. KeyCorp also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.17 EPS.

Several other equities analysts have also weighed in on OXM. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the company a “buy” rating in a research note on Monday, October 16th. SunTrust Banks reiterated a “buy” rating and set a $66.00 price objective on shares of Oxford Industries in a research note on Tuesday, October 24th. B. Riley reiterated a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. Finally, Telsey Advisory Group boosted their price objective on Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.80.

Oxford Industries (OXM) opened at $82.28 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $82.90. The firm has a market capitalization of $1,383.18, a PE ratio of 26.98, a P/E/G ratio of 2.24 and a beta of 0.37.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The firm had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. During the same quarter in the previous year, the business earned ($0.07) EPS. Oxford Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Oxford Industries by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after purchasing an additional 14,729 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Oxford Industries by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after purchasing an additional 13,830 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Oxford Industries by 14.1% in the third quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after purchasing an additional 47,842 shares in the last quarter. State Street Corp grew its position in shares of Oxford Industries by 2.9% in the second quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after purchasing an additional 10,184 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its position in shares of Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock valued at $19,873,000 after purchasing an additional 80,913 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares in the company, valued at $497,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.31%. Oxford Industries’s dividend payout ratio (DPR) is currently 35.41%.

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About Oxford Industries

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.

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

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