Oxford Industries (NYSE:OXM) Releases FY25 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.30-9.70 for the period, compared to the consensus estimate of $10.26. The company issued revenue guidance of $1.63-1.67 billion, compared to the consensus revenue estimate of $1.62 billion. Oxford Industries also updated its FY 2024 guidance to 9.300-9.700 EPS.

Oxford Industries Price Performance

OXM opened at $112.40 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 30.46 and a beta of 1.59. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $101.70 and a 200-day moving average price of $96.76. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM) last posted its earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.08% and a net margin of 3.86%. The business had revenue of $404.43 million during the quarter, compared to analysts’ expectations of $408.28 million. During the same quarter in the previous year, the business earned $2.28 EPS. Oxford Industries’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts expect that Oxford Industries will post 10.28 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a yield of 2.38%. Oxford Industries’s payout ratio is presently 70.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OXM shares. UBS Group boosted their price objective on shares of Oxford Industries from $105.00 to $106.00 and gave the stock a neutral rating in a report on Tuesday, March 19th. Telsey Advisory Group reissued a market perform rating and set a $102.00 price objective on shares of Oxford Industries in a research report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $103.20.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of Oxford Industries by 52.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after buying an additional 1,475 shares during the period. Bank of Montreal Can grew its position in shares of Oxford Industries by 5.8% in the 1st quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after buying an additional 286 shares during the period. MetLife Investment Management LLC boosted its stake in Oxford Industries by 62.5% in the 1st quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock worth $782,000 after purchasing an additional 3,323 shares in the last quarter. Rhumbline Advisers boosted its stake in Oxford Industries by 2.9% in the 1st quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock worth $4,205,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Oxford Industries by 14.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock worth $1,239,000 after purchasing an additional 1,685 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

About Oxford Industries

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.