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Oxford Industries (OXM) closed at $86.54 in the latest trading session, marking a +0.32% move from the prior day. This move outpaced the S&P 500's daily loss of 0.92%. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines had lost 2.83% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 6.01% and lagged the S&P 500's loss of 1% in that time.
Oxford Industries will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.47, up 7.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $364.5 million, up 10.9% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.88 per share and revenue of $1.31 billion, which would represent changes of +23.65% and +14.48%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Oxford Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Oxford Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Oxford Industries is holding a Forward P/E ratio of 8.73. This represents a discount compared to its industry's average Forward P/E of 9.45.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
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