Oxford Industries (NYSE:OXM – Get Free Report) updated its first quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.600-2.800 for the period, compared to the consensus EPS estimate of 3.580. The company issued revenue guidance of $395.0 million-$415.0 million, compared to the consensus revenue estimate of $419.2 million. Oxford Industries also updated its FY 2024 guidance to 9.300-9.700 EPS.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Telsey Advisory Group restated a market perform rating and set a $102.00 price target on shares of Oxford Industries in a report on Monday. UBS Group raised their price target on Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Oxford Industries has a consensus rating of Hold and an average target price of $103.20.
View Our Latest Stock Report on OXM
Oxford Industries Price Performance
Institutional Investors Weigh In On Oxford Industries
Several institutional investors have recently modified their holdings of OXM. Envestnet Asset Management Inc. lifted its stake in shares of Oxford Industries by 2,350.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 318,505 shares of the textile maker’s stock worth $1,067,000 after acquiring an additional 305,508 shares during the last quarter. Norges Bank bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $14,156,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Oxford Industries during the 1st quarter worth approximately $10,185,000. Vanguard Group Inc. lifted its stake in shares of Oxford Industries by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock worth $184,773,000 after acquiring an additional 104,007 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Oxford Industries by 391.2% during the 2nd quarter. Renaissance Technologies LLC now owns 111,021 shares of the textile maker’s stock worth $9,852,000 after acquiring an additional 88,421 shares during the last quarter. 91.16% of the stock is owned by institutional investors.
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; 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; and men, women, and kids products under the Southern Tide brand.
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