Oxford Industries (NYSE:OXM) Announces Quarterly Earnings Results

Oxford Industries (NYSE:OXM - Get Free Report) issued its earnings results on Thursday. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.09, Briefing.com reports. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. During the same period in the prior year, the firm earned $1.90 EPS. Oxford Industries's quarterly revenue was down 3.4% compared to the same quarter last year.

Oxford Industries Price Performance

OXM traded up $1.24 on Monday, reaching $60.20. The stock had a trading volume of 13,225 shares, compared to its average volume of 337,549. The firm has a 50-day moving average of $69.73 and a 200-day moving average of $76.63. Oxford Industries has a fifty-two week low of $53.23 and a fifty-two week high of $111.46. The company has a market capitalization of $945.20 million, a price-to-earnings ratio of 67.48 and a beta of 1.61. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries's dividend payout ratio is presently 301.12%.

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Wall Street Analyst Weigh In

OXM has been the topic of a number of recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a report on Friday. UBS Group decreased their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Telsey Advisory Group lowered their price objective on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th.

Insider Buying and Selling at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares of the company's stock, valued at $146,112.52. The trade was a 42.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.