Oxford Industries Stock Fair Value – OXFORD INDUSTRIES Reports Record Earnings for First Quarter of FY2024
June 15, 2023
🌥️Earnings Overview
On June 7, 2023, OXFORD INDUSTRIES ($NYSE:OXM) released its earnings results for the first quarter of FY2024, ending on April 30, 2023. The total revenue for the quarter totaled USD 420.1 million, marking a 19.2% rise from the same period the year prior. The company also reported a net income of USD 58.5 million, which was 2.0% higher than the one reported in the previous year.
Stock Price
The stock opened at $104.9 and closed at $107.2, representing an increase of 3.7% from the prior closing price of 103.4. This marks an impressive start to the fiscal year, as the company is indicating further growth and success as the year progresses. The strong quarterly earnings are attributed to OXFORD INDUSTRIES‘ strategic investments in new markets, products, and services. This has enabled the company to capitalize on the increasing demand for their offerings and effectively grow their customer base.
Additionally, the company has been able to strengthen its financial position by deepening its customer relationships and increasing its global market share. Overall, it is clear that OXFORD INDUSTRIES is in a very favorable position heading into FY2024. With a strong financial base and a growing customer base, the company is well-positioned to capitalize on future opportunities and achieve further success in this fiscal year and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oxford Industries. More…
| Total Revenues | Net Income | Net Margin |
| 1.48k | 166.87 | 11.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oxford Industries. More…
| Operations | Investing | Financing |
| 155.69 | -188 | 9.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oxford Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 586.8 | 38.49 |
Key Ratios Snapshot
Some of the financial key ratios for Oxford Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 79.0% | 15.1% |
| FCF Margin | ROE | ROA |
| 6.9% | 24.0% | 11.7% |
Analysis – Oxford Industries Stock Fair Value
At GoodWhale, we recently conducted an analysis of OXFORD INDUSTRIES to assess the company’s overall wellbeing. Using our proprietary Valuation Line, we were able to calculate the intrinsic value of OXFORD INDUSTRIES’s stock at around $119.2. Currently, the stock is trading at $107.2, which is a fair price, but it is undervalued by 10.1%. We believe that investors who purchase OXFORD INDUSTRIES stock at this price will benefit from a potential upside in the near future. More…
Peers
The Company operates in three segments: Retail, Direct-to-Consumer, and Wholesale. Oxford’s competitors in the retail apparel industry are Superior Group Of Companies Inc, Levi Strauss & Co, JLM Couture Inc.
– Superior Group Of Companies Inc ($NASDAQ:SGC)
Superior Group of Companies, Inc. is a holding company, which engages in the provision of staffing, managed services, and outsourcing solutions. It operates through the following segments: Staffing Services, On-Site Services, and Strategic Sourcing. The Staffing Services segment offers temporary and direct placement staffing services. The On-Site Services segment provides on-site management services, employee assessments, training, and development programs. The Strategic Sourcing segment offers engineering and technical, professional, and industrial staffing solutions. The company was founded by Richard J. Superior in 1957 and is headquartered in Milwaukee, WI.
– Levi Strauss & Co ($NYSE:LEVI)
Levi Strauss & Co. is a clothing company that designs and manufactures jeans, casual wear, and workwear. The company was founded in 1853 and is headquartered in San Francisco, California. As of 2022, Levi Strauss & Co has a market cap of $6.02 billion and a return on equity of 24.76%. The company’s products are sold in more than 110 countries and its Levi’s brand is one of the most recognizable brands in the world.
– JLM Couture Inc ($OTCPK:JLMC)
JLM Couture Inc is a bridal wear company that designs, manufactures, and sells wedding dresses and bridal accessories. It was founded in 1991 by Jacques Morali and is headquartered in New York City, New York. The company has a market cap of 4.24M as of 2022. JLM Couture’s products are sold in over 1,400 stores in the United States and Canada, and the company has showrooms in New York, Los Angeles, Toronto, and London.
Summary
OXFORD INDUSTRIES reported strong financial results for the first quarter of FY2024, with total revenue of USD 420.1 million, a 19.2% increase compared to the same period last year. Net income reported was USD 58.5 million, up 2.0%. This positive news caused the stock price to move up the same day, making it an appealing investment option. Analysts have noted that the company’s strong balance sheet and healthy cash flow should ensure robust returns for investors in the near-term.
Additionally, the company’s diverse product portfolio and expanding international presence are expected to provide further upside growth potential.
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