Oxford Industries (NYSE:OXM) Shares Gap Up Following Better-Than-Expected 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)'s share price gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. 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.

The textile maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The firm had revenue of $403.10 million for the quarter, compared to analyst estimates of $406.14 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The business's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.77 earnings per share. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS.

Wall Street Analyst Weigh In

OXM has been the topic of a number of recent research reports. Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday. UBS Group reduced their target price 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. Zacks Research upgraded Oxford Industries to a "hold" rating in a research report on Monday, August 11th. Truist Financial reduced their target price on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. Finally, Citigroup reduced 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. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Oxford Industries has an average rating of "Reduce" and an average target price of $53.80.

Insider Buying and Selling

In related news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the stock in a transaction on Monday, June 16th. The shares were purchased at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the acquisition, the chief executive officer owned 59,063 shares in the company, valued at $2,369,607.56. This represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert S. Trauber acquired 10,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were acquired at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the acquisition, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. The trade was a 297.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 16,818 shares of company stock valued at $686,724. Company insiders own 6.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board raised its position in Oxford Industries by 1.8% in the second quarter. Public Sector Pension Investment Board now owns 47,679 shares of the textile maker's stock valued at $1,919,000 after purchasing an additional 854 shares during the period. FORA Capital LLC purchased a new position in Oxford Industries in the second quarter valued at about $294,000. Tower Research Capital LLC TRC raised its position in Oxford Industries by 127.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker's stock valued at $73,000 after purchasing an additional 1,014 shares during the period. State of Tennessee Department of Treasury raised its position in Oxford Industries by 88.5% in the second quarter. State of Tennessee Department of Treasury now owns 6,856 shares of the textile maker's stock valued at $276,000 after purchasing an additional 3,218 shares during the period. Finally, Vident Advisory LLC raised its position in Oxford Industries by 27.2% in the second quarter. Vident Advisory LLC now owns 12,189 shares of the textile maker's stock valued at $491,000 after purchasing an additional 2,607 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Performance

The firm has a market capitalization of $745.69 million, a PE ratio of 9.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64. The stock has a 50-day moving average price of $43.09 and a 200-day moving average price of $49.58.

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.

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