Oxford Industries (NYSE:OXM) Releases Q4 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.180-1.380 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $375.0 million-$395.0 million, compared to the consensus revenue estimate of $389.3 million. Oxford Industries also updated its FY 2024 guidance to 6.500-6.700 EPS.

Wall Street Analysts Forecast Growth

OXM has been the topic of several research reports. Citigroup dropped their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th. Finally, UBS Group cut their price target on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Oxford Industries Price Performance

Shares of OXM traded up $0.82 during trading hours on Wednesday, hitting $84.11. The stock had a trading volume of 581,408 shares, compared to its average volume of 277,951. Oxford Industries has a 12 month low of $72.24 and a 12 month high of $113.88. The firm has a market capitalization of $1.32 billion, a PE ratio of 46.21 and a beta of 1.56. The stock has a fifty day moving average price of $77.75 and a 200 day moving average price of $88.93.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. As a group, analysts anticipate that Oxford Industries will post 7.16 EPS for the current fiscal year.

Insider Activity at Oxford Industries

In other news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the transaction, the executive vice president now owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by insiders.

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; 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.