Oxford Industries (OXM) stock declines as the market gains: what you need to know
IIn the last trading session, Oxford Industries (OXM) closed at $ 107.84, marking a movement of -0.84% from the previous day. This change is lower than the S&P 500’s daily gain of 0.17%. At the same time, the Dow Jones rose 0.55% and the tech-rich Nasdaq lost 0.4%.
Prior to today’s trading, shares of clothing line owner Tommy Bahama, Lilly Pulitzer and Southern Tide had gained 18.76% over the past month. This exceeded the 2.34% loss of the consumer discretionary sector and the 3.19% gain of the S&P 500 during this period.
Oxford Industries will look to show strength as the next release of its results approaches. The company is expected to post EPS of $ 0.29, up 165.91% from the previous year quarter. Our most recent consensus estimate projects quarterly revenue of $ 227.69 million, up 30% from the previous year.
For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ 6.68 per share and revenue of $ 1.1 billion. These totals would mark changes of + 469.06% and + 47.35%, respectively, compared to last year.
Any recent changes in analyst estimates for Oxford Industries should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. As such, the positive estimate revisions reflect analysts’ optimism about the business and profitability of the company.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, externally audited track record of success, with No.1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus projection on EPS has remained stagnant. Oxford Industries currently has a Zacks rank of # 3 (Hold).
Digging into the valuation, Oxford Industries currently has a forward P / E ratio of 16.29. This represents a discount to its industry’s average forward P / E of 17.02.
The Textile – Clothing industry is part of the Consumer discretionary sector. This group has a Zacks Industry Rank of 72, which places it in the top 29% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow OXM in future trading sessions, be sure to use Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.