Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 9.300-9.700 for the period, compared to the consensus earnings per share estimate of 10.260. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Oxford Industries also updated its FY25 guidance to $9.30-9.70 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group increased their target price on shares of Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a research report on Tuesday, March 19th. Telsey Advisory Group restated a market perform rating and set a $102.00 price target on shares of Oxford Industries in a research note on Monday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $103.20.

Oxford Industries Stock Performance

OXM stock traded down $0.07 during midday trading on Thursday, hitting $112.40. 298,588 shares of the stock traded hands, compared to its average volume of 174,246. The firm has a market cap of $1.76 billion, a P/E ratio of 11.78 and a beta of 1.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.63. The stock’s fifty day simple moving average is $101.06 and its 200-day simple moving average is $96.53. Oxford Industries has a 1-year low of $82.33 and a 1-year high of $113.88.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors have recently bought and sold shares of OXM. Steward Partners Investment Advisory LLC purchased a new position in Oxford Industries during the fourth quarter worth about $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Oxford Industries during the fourth quarter valued at about $35,000. Quarry LP increased its position in shares of Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 307 shares during the last quarter. UBS Group AG increased its position in shares of Oxford Industries by 51.4% during the third quarter. UBS Group AG now owns 501 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 170 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Oxford Industries by 154.2% during the fourth quarter. State of Wyoming now owns 943 shares of the textile maker’s stock valued at $88,000 after acquiring an additional 572 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other 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.