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

Oxford Industries (NYSE:OXM) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 9.300-9.700 for the period, compared to the consensus earnings per share estimate of 10.260. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Oxford Industries also updated its FY25 guidance to $9.30-9.70 EPS.

Oxford Industries Trading Down 0.1 %

Shares of OXM traded down $0.07 during mid-day trading on Thursday, reaching $112.40. 298,588 shares of the company’s stock traded hands, compared to its average volume of 174,246. The stock’s 50-day moving average is $101.06 and its two-hundred day moving average is $96.53. The stock has a market cap of $1.76 billion, a P/E ratio of 11.78 and a beta of 1.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.63. Oxford Industries has a 12 month low of $82.33 and a 12 month high of $113.88.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OXM. UBS Group increased their price objective on shares of Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a research report on Tuesday, March 19th. Telsey Advisory Group reissued a market perform rating and issued a $102.00 price target on shares of Oxford Industries in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $103.20.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Vanguard Group Inc. raised its holdings in shares of Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock valued at $184,773,000 after buying an additional 104,007 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Oxford Industries by 8.0% in the 1st quarter. Invesco Ltd. now owns 862,286 shares of the textile maker’s stock worth $78,036,000 after acquiring an additional 64,175 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Oxford Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 694,778 shares of the textile maker’s stock valued at $73,359,000 after buying an additional 7,832 shares in the last quarter. State Street Corp increased its holdings in Oxford Industries by 2.4% during the 1st quarter. State Street Corp now owns 534,551 shares of the textile maker’s stock valued at $48,377,000 after acquiring an additional 12,582 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Oxford Industries by 2,350.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 318,505 shares of the textile maker’s stock worth $1,067,000 after purchasing an additional 305,508 shares during the last quarter. Institutional investors and hedge funds own 91.16% 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; 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; and men, women, and kids products under the Southern Tide brand.