Oxford Industries, Inc. (NYSE:OXM) has recently seen a surge in short interest by 25.7%, with short interest totalling 1,270,000 shares as of April 15th compared to the March 31st total of 1,010,000 shares. Remarkably enough, based on an average daily trading volume of 159,000 shares, the short-interest ratio is currently at 8.0 days. Currently, approximately 8.4% of the company’s shares are said to be short sold.
Shares of OXM opened at $101.01 on Friday and while the textile company has seen its fair share of ups and downs regarding its stock market price, it seems it is now stabilizing with an estimated capitalization value of $1.59 billion-recorded recently- among others. The other significant financial indicators included a market capitalization rate, price-to-earnings ratio at close proximity to ten and beta equaling to approximatingly one point five five-a respectable score.
It’s not only in terms of numbers but also in terms of consumer confidence as well that Oxford Industries sees some optimism from recent investments made by institutional investors and hedge funds into their business ventures in recent times. Vanguard Group Inc., Invesco Ltd., Dimensional Fund Advisors LP, State Street Corp., alongside Arrowstreet Capital Limited Partnership have all raised holdings in Oxford Industries by crude fractions respectively during quarterly periods over time.
On another note, Oxford Industries recently disclosed its paying out quarterly dividends with holders receiving a $0.65 dividend recorded per share during Friday April 28th after marking a fresh record on Friday April 14th Investors meeting the criteria received the outstanding annualized dividend of $2.60 with an attractive yield factor totaling getting up to above two percent within a year.
Looking pragmatically towards the future and staying indebted to its promise for growth; Oxford Industries can further optimize their innovative ensemble options by bringing more items to its existing product line. The capital garnered from institutional investors and hedge funders can be but one means of producing admirable results, while driving market confidence with investment in more product diversification could also carve a fruitfully positive trajectory for the future.
Oxford Industries Posts Impressive Q1 Earnings, Exceeding Analyst Projections
Oxford Industries (NYSE:OXM) has recently released its quarterly earnings data for the period ended on March 23, 2021. According to the report, the textile manufacturer earned an impressive $2.28 EPS in the first quarter, surpassing analysts’ consensus projections of $2.14 by a margin of $0.14 per share. During the quarter, the company had revenue worth $382.48 million as opposed to a consensus estimate of around $377.38 million.
Furthermore, Oxford Industries recorded a net profit margin of 11.74% and a great return on equity of 33.13%, indicating strong financial performance during that period despite challenges from COVID-19.
In comparison to its finances in Q1 of last year when it recorded an EPS value of $1.68, this year’s performance represents a considerable improvement mainly due to increased consumer demand after restrictions were lifted in many parts of the world.
Equities research analysts made forecasts about Oxford Industries’ future earnings potential based on its recent results such that it is projected to post an estimated figure of 11.77 earnings per share for this fiscal year which is quite remarkable.
In other news related to securities trading activities at Oxford Industries Inc., Director Dennis M. Love sold a portion of his holdings by releasing up to one thousand shares last Friday (April 21st) at an average price point worth $105.93 each share, generating approximately $105,930 in total sales transactions for that day alone.
Following this transaction, Mr Love now maintains direct ownership over approximately fifteen-thousand nine hundred plus more shares identified with the company’s stock ledger amounting to over one and six hundred eighty-three thousand four hundred dollars according to regulatory filings lodged with SEC regulators pertaining insider trading activities as corporate insiders now own about five-point ninety percent stake in OXM commonly traded publicly via NYSE under the ticker symbol “OXM”.