Oxford Industries declines ahead of quarterly report

Oxford Industries

23/03/2022 18:41

** Shares in Oxford industries were down 3.4% at $82.64 and
underperforming the broader market ahead of the company's fiscal
fourth quarter report due out after market close
    ** The decline compares with a 0.1% easing on the day for
the S&P 1500 textiles, apparel and luxury goods industry index
 .SPCOMTEX  and a 0.8% drop for the S&P 500
    ** The apparel company which sells brands including Tommy
Bahama and Lilly Pulitzer, is expected to report Q4 EPS of $1.43
compared with a $0.13/shr profit in the year-ago quarter on rev
of $294.6 mln, which would be 33% higher than year ago quarter,
according to IBES estimates from Refinitiv
   ** Of 3 analysts covering the stock two have a 'buy' rating
and 1 has a hold rating 
   ** YTD the stock is down 18.6% roughly in line with the
SPCOMTEX index but underperforming the S&P 1500 .SPSUP 6.2%
decline

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))