Oxford Industries (OXM) Stock Sinks As Market Gains: What You Should Know
Oxford Industries (OXM) closed the most recent trading day at $90.77, moving -0.87% from the previous trading session. This move lagged the S&P 500's daily gain of 0.18%.
Prior to today's trading, shares of the owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines had lost 2.43% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.52% and the S&P 500's gain of 2.96% in that time.
Wall Street will be looking for positivity from OXM as it approaches its next earnings report date. The company is expected to report EPS of $0.29, up 165.91% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $227.69 million, up 30% from the year-ago period.
OXM's full-year Zacks Consensus Estimates are calling for earnings of $6.68 per share and revenue of $1.1 billion. These results would represent year-over-year changes of +469.06% and +47.35%, respectively.
Investors might also notice recent changes to analyst estimates for OXM. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. OXM is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that OXM has a Forward P/E ratio of 13.71 right now. For comparison, its industry has an average Forward P/E of 16.75, which means OXM is trading at a discount to the group.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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