Oxford Industries (NYSE:OXM) Shares Gap Up After Strong Earnings

Key Points

• Oxford Industries' share price rose significantly from $40.41 to $47.06 following a quarterly earnings report that exceeded analysts' expectations with earnings per share of $1.26.
• The company's revenue for the quarter was reported at $403.10 million, slightly below the anticipated $406.14 million, reflecting a 4% year-over-year decline.
• Analysts have mixed reviews on the stock, with targets ranging from $44.00 to $56.00, and a general rating of "hold" or "reduce."

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) shares gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $40.41, but opened at $47.06. Oxford Industries shares last traded at $49.17, with a volume of 285,497 shares trading hands.

The textile maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Oxford Industries had a net margin of 3.80% and a return on equity of 10.99%. The company had revenue of $403.10 million for the quarter, compared to the consensus estimate of $406.14 million. During the same period last year, the firm posted $2.77 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.76 annualized dividend and a yield of 5.9%. Oxford Industries's dividend payout ratio (DPR) is presently 74.59%.

Analysts Set New Price Targets

OXM has been the topic of several research analyst reports. UBS Group lowered their price target on Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 27th. Truist Financial boosted their price target on shares of Oxford Industries from $47.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, September 11th. Zacks Research cut Oxford Industries from a "hold" rating to a "strong sell" rating in a report on Friday. Telsey Advisory Group restated a "market perform" rating and issued a $52.00 target price on shares of Oxford Industries in a report on Thursday, September 11th. Finally, Citigroup cut their target price on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $54.40.

Insiders Place Their Bets

In related news, CEO Robert S. Trauber acquired 10,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were purchased at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the purchase, the chief executive officer owned 13,364 shares in the company, valued at $553,002.32. This represents a 297.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.00% of the company's stock.

Institutional Trading of Oxford Industries

A number of institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Oxford Industries by 9.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock worth $39,596,000 after purchasing an additional 56,235 shares in the last quarter. Wellington Management Group LLP raised its position in Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock valued at $45,738,000 after acquiring an additional 27,198 shares in the last quarter. American Century Companies Inc. lifted its stake in Oxford Industries by 6.2% in the second quarter. American Century Companies Inc. now owns 561,236 shares of the textile maker's stock valued at $22,590,000 after acquiring an additional 32,693 shares during the last quarter. Bank of America Corp DE grew its position in Oxford Industries by 3.3% in the second quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker's stock worth $17,804,000 after acquiring an additional 14,103 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Oxford Industries by 63.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 439,276 shares of the textile maker's stock worth $17,681,000 after buying an additional 170,208 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Price Performance

The firm has a market capitalization of $692.50 million, a P/E ratio of 12.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.51 and a current ratio of 1.18. The stock has a 50 day moving average of $43.42 and a two-hundred day moving average of $48.98.

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.