Oxford Industries Inc(NYSE:OXM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $261.049M. Analysts estimated a revenue of $267.640M. The revenues were -2.46% below the estimates. Earnings per share were $0.63. The reported EPS was below estimates by -31.52%. Analysts had estimated an EPS of $0.92.
In a different note, On Mar 16, 2017, Telsey Advisory Group said it Upgrades its rating on Oxford Industries Inc. In the research note, the firm Announces the price-target to $60 per share. The shares have been rated ‘Outperform’ by the firm.
Oxford Industries Inc (OXM) made into the market gainers list on Fridays trading session with the shares advancing 5.56% or 2.97 points. Due to strong positive momentum, the stock ended at $56.43, which is also near the day’s high of $56.62. The stock began the session at $49.5 and the volume stood at 7,94,508 shares. The 52-week high of the shares is $76.19 and the 52 week low is $49.5. The company has a current market capitalization of $946 M and it has 1,67,70,133 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Clyde C Tuggle (director) purchased 100 shares at $62.14 per share price.Also, On Sep 26, 2016, James Wesley Jr Howard (PRESIDENT, LANIER CLOTHES) sold 2,500 shares at $69.81 per share price.On Sep 8, 2016, Thomas E Campbell (General Counsel) sold 4,000 shares at $70.15 per share price, according to the Form-4 filing with the securities and exchange commission.
Oxford Industries, Inc. is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups. Tommy Bahama designs, sources, markets and distributes men’s and women’s sportswear and related products. Lilly Pulitzer designs, sources, markets and distributes upscale collections of women’s and girl’s dresses, sportswear and related products. Lanier Apparel designs, sources and distributes branded and private label men’s apparel, including tailored clothing, casual pants and sportswear, across a range of price points, with the majority of the business at moderate price points. The Company operates over 120 Tommy Bahama and over 30 Lilly Pulitzer full-price retail stores.