Oxford Industries (NYSE:OXM) Updates FY25 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $8.60-9.00 for the period, compared to the consensus EPS estimate of $9.47. The company issued revenue guidance of $1.59-1.63 billion, compared to the consensus revenue estimate of $1.64 billion. Oxford Industries also updated its FY 2024 guidance to 8.600-9.000 EPS.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $100.81 on Thursday. The stock’s 50 day moving average price is $106.52 and its 200 day moving average price is $102.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 27.32 and a beta of 1.55. Oxford Industries has a 12 month low of $82.33 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The firm had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. During the same period in the prior year, the firm posted $2.28 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts anticipate that Oxford Industries will post 9.6 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were paid a $0.67 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $2.68 annualized dividend and a dividend yield of 2.66%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.65. Oxford Industries’s payout ratio is currently 72.63%.

Analyst Upgrades and Downgrades

Several analysts recently commented on OXM shares. UBS Group reduced their target price on shares of Oxford Industries from $106.00 to $104.00 and set a neutral rating for the company in a report on Monday, April 1st. Citigroup lowered Oxford Industries from a neutral rating to a sell rating and reduced their price objective for the stock from $98.00 to $94.00 in a research note on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $110.00 target price on shares of Oxford Industries in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Oxford Industries has a consensus rating of Hold and a consensus target price of $103.60.

Insider Buying and Selling

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the sale, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.70% 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; 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.