Oxford Industries Inc to Post Q2 2020 Earnings of $1.86 Per Share, KeyCorp Forecasts (NYSE:OXM)

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Oxford Industries Inc (NYSE:OXM) – Equities researchers at KeyCorp decreased their Q2 2020 earnings per share estimates for shares of Oxford Industries in a report released on Wednesday, June 12th. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $1.86 per share for the quarter, down from their previous forecast of $1.91. KeyCorp also issued estimates for Oxford Industries’ Q4 2020 earnings at $1.30 EPS and FY2021 earnings at $4.92 EPS.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The firm had revenue of $282.00 million during the quarter, compared to analyst estimates of $276.75 million. During the same quarter in the prior year, the business posted $1.28 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.

OXM has been the topic of several other reports. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday, June 10th. Finally, Citigroup began coverage on shares of Oxford Industries in a research note on Tuesday, April 16th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Oxford Industries has a consensus rating of “Buy” and an average target price of $86.00.

NYSE:OXM opened at $75.50 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 0.77. The stock has a market capitalization of $1.29 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.63 and a beta of 0.48. Oxford Industries has a 12-month low of $63.50 and a 12-month high of $97.19.

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Oxford Industries by 5.4% during the first quarter. FMR LLC now owns 279,372 shares of the textile maker’s stock worth $21,025,000 after buying an additional 14,361 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Oxford Industries during the first quarter worth about $6,548,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Oxford Industries by 132.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 391 shares of the textile maker’s stock worth $30,000 after buying an additional 223 shares during the last quarter. Morgan Stanley grew its stake in Oxford Industries by 279.3% during the first quarter. Morgan Stanley now owns 108,864 shares of the textile maker’s stock worth $8,193,000 after buying an additional 80,159 shares during the last quarter. Finally, SEI Investments Co grew its stake in Oxford Industries by 34.8% during the first quarter. SEI Investments Co now owns 12,336 shares of the textile maker’s stock worth $898,000 after buying an additional 3,184 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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 footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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

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