Oxford Industries (NYSE:OXM) Posts Quarterly Earnings Results, Hits Estimates

Oxford Industries (NYSE:OXM - Get Free Report) issued its earnings results on Wednesday. The textile maker reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82, Zacks reports. The company had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS. Oxford Industries updated its FY 2025 guidance to 2.800-3.200 EPS and its Q2 2025 guidance to 1.050-1.250 EPS.

Oxford Industries Trading Down 9.6%

Shares of NYSE:OXM traded down $4.80 during mid-day trading on Thursday, reaching $45.23. 335,725 shares of the company's stock were exchanged, compared to its average volume of 381,284. The firm has a market capitalization of $672.34 million, a price-to-earnings ratio of 50.82 and a beta of 1.45. The business's fifty day moving average price is $52.05 and its 200-day moving average price is $66.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries has a twelve month low of $42.12 and a twelve month high of $108.51.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Thursday, April 17th. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is 47.02%.

Analyst Ratings Changes

A number of equities analysts have recently commented on OXM shares. Citigroup reduced their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research note on Monday, April 7th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 target price on shares of Oxford Industries in a report on Thursday. Truist Financial started coverage on shares of Oxford Industries in a report on Wednesday, May 28th. They set a "hold" rating and a $56.00 target price on the stock. Finally, UBS Group raised their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.20.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. This represents a 16.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently bought and sold shares of OXM. AQR Capital Management LLC increased its position in shares of Oxford Industries by 33.9% during the first quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker's stock worth $381,000 after acquiring an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oxford Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker's stock worth $517,000 after acquiring an additional 387 shares in the last quarter. Millennium Management LLC grew its position in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker's stock worth $17,213,000 after purchasing an additional 222,150 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Oxford Industries by 22.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker's stock worth $1,755,000 after purchasing an additional 5,577 shares in 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; 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.