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Investing.com - Truist Securities raised its price target on Oxford Industries (NYSE:OXM) to $50.00 from $47.00 on Thursday, while maintaining a Hold rating on the apparel company’s stock. According to InvestingPro analysis, the stock appears undervalued, currently trading at an attractive P/E ratio of 7.7x while maintaining impressive gross profit margins of 63%.
The price target increase follows Oxford Industries’ decision to maintain its full-year outlook despite the inclusion of higher tariffs, which exceeded low investor expectations. The company’s shares were down 49% year-to-date compared to the S&P 500’s 11% gain before the announcement.
Truist noted it was encouraged by Oxford’s positive low-single-digit percentage comparable sales quarter-to-date, which the company expects to persist through the fourth quarter, along with solid tariff mitigation efforts.
The firm pointed out that wholesale weakness is largely offsetting gains in Oxford’s own retail channel, expressing caution about elevated promotional intensity in an uncertain second-half macro environment.
Oxford Industries owns several apparel brands including Tommy Bahama, Lilly Pulitzer, and Johnny Was, with Truist viewing the risk/reward profile as balanced at current levels.
In other recent news, Oxford Industries Inc . reported its Q2 2025 earnings, where the company exceeded earnings per share (EPS) expectations but fell short on revenue forecasts. The adjusted EPS was reported at $1.26, surpassing the anticipated $1.18. However, the company’s revenue came in at $403.1 million, which did not meet the projected $406.14 million. These financial results highlight the mixed performance of Oxford Industries in the recent quarter. Despite the revenue shortfall, the positive EPS outcome indicates some operational strengths. Analysts and investors will likely keep a close eye on Oxford Industries’ strategies to address the revenue gap in future quarters. These developments are crucial for stakeholders looking to understand the company’s financial health and market position.
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