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 (EPS) guidance of 1.180-1.380 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OXM. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, UBS Group reduced their price objective on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th.

Oxford Industries Price Performance

NYSE OXM traded up $0.82 during mid-day trading on Wednesday, hitting $84.11. The stock had a trading volume of 592,799 shares, compared to its average volume of 277,951. The firm’s 50 day moving average is $77.75 and its 200 day moving average is $88.93. Oxford Industries has a twelve month low of $72.24 and a twelve month high of $113.88. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 46.21 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. During the same period in the prior year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Oxford Industries will post 7.16 earnings per share for the current year.

Insiders Place Their Bets

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.