Oxford Industries (OXM) Outpaces Stock Market Gains: What You Should Know
Oxford Industries (OXM) closed the most recent trading day at $98.10, moving +1.23% from the previous trading session.
In the latest trading session, Oxford Industries (OXM) closed at $98.10, marking a +1.23% move from the previous day. This change outpaced the S&P 500's 0.42% gain on the day.
Coming into today, shares of the owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines had gained 6.3% in the past month. In that same time, the Consumer Discretionary sector gained 2.44%, while the S&P 500 gained 7.03%.
OXM will be looking to display strength as it nears its next earnings release. In that report, analysts expect OXM to post earnings of $0.29 per share. This would mark year-over-year growth of 165.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $227.69 million, up 30% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.68 per share and revenue of $1.1 billion, which would represent changes of +469.06% and +47.35%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for OXM. These revisions help to show the ever-changing nature of near-term business trends. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. OXM is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note OXM's current valuation metrics, including its Forward P/E ratio of 14.51. Its industry sports an average Forward P/E of 16.86, so we one might conclude that OXM is trading at a discount comparatively.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Oxford Industries, Inc. (OXM): Free Stock Analysis Report
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