Oxford Industries Primed For Growth As In-Store Shopping Returns, Analyst Predicts
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Oxford Industries (NYSE:OXM) with a price target of $125. The company is expected to benefit from the return to in-store shopping, favorable operating environment, and mid-single-digit increase across its existing brands. Q1 EPS is forecasted at $3.75, with sales growth of 19.1% YoY to $420 million.
June 02, 2023 | 6:14 pm
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Oxford Industries (NYSE:OXM) is expected to benefit from the return to in-store shopping, favorable operating environment, and mid-single-digit increase across its existing brands. Analyst reiterates Market Perform rating with a price target of $125.
The analyst's positive outlook on Oxford Industries is based on the return to in-store shopping, favorable operating environment, and growth across its existing brands. These factors are expected to contribute to the company's growth, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100