Should You Wait to Invest in Oxford Industries Stock?

Oxford Industries will report Q4 earnings later this week

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Oxford Industries Inc (NYSE:OXM) is an American clothing company that specializes in high-end clothing and apparel. The company owns and markets major labels like Tommy Bahama, Lilly Pulitzer, and Southern Tide. In addition, its Lanier Apparel division designs and markets products for its own Billy London, Oxford, and Oxford America brands, and licenses brands including Geoffrey Beene, Kenneth Cole, Reaction by Kenneth Cole, Dockers, Nick Graham and Andrew Fezza.

On March 11, Oxford Industries announced that it will report its fourth-quarter and fiscal-year of 2020 financial results after the market closes on Thursday, March 25. OXM has outperformed earnings expectations on just two of its four most recent earnings reports.

For the fourth quarter of 2019, Oxford Industries missed analysts’ estimates by a margin of $0.01 and reported an earnings per share (EPS) of $1.09. For the first quarter of 2020, OXM reported losses of $1.12 and missed expectations by a large margin of $0.85. For the second quarter of 2020, Oxford Industries posted losses of $0.32 per share, beating estimates by a margin of $0.23. In its most recent quarterly report, OXM reported an EPS of -$0.44 and beat expectations by a margin of $0.66.

Oxford Industries stock has increased a jaw-dropping 154% in price year-over-year, and is up 31% year-to-date. The shares just grabbed a two-year high of $94.72, though pressure around this region, which also acted as a ceiling for OXM back in 2018,  once again sent the stock lower. The 20-day moving average looking promising, however, serving as support for the equity's recent pullback. 

Oxford Industries has been marked by the COVID-19 pandemic primarily on its top and bottom lines. The company has lost nearly $90 million in net income over the past 12 months, bringing its net losses down to almost $20 million. The company's revenues have also dropped by $122 million, bringing their trailing twelve-month revenue to $1 billion and erasing more than two consecutive years of growth.

Overall, investors may want to wait for OXM's annual report before taking a position. The company maintained slow and steady growth in the years leading up to 2020 but the equity now sits just north of last week's highs, despite taking considerable losses over the past year. At the moment, OXM may be best suited for investors with a longer-term outlook.

 

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