Information Provided By:
Fly News Breaks for April 2, 2018
OXM
Apr 2, 2018 | 06:27 EDT
DA Davidson analyst Andrew Burns kept his Buy rating and $91 price target on Oxford Industries, saying that while the company's incremental $12M investment reduces his FY18 EPS forecast to $4.55 from $4.78, it is the right step in the long term toward sustaining its growth momentum in the current retail environment. Burns adds that Oxford Industries' Q4 results were encouraging, with growth acceleration in the Lilly segment as well as gross margin improvement of 1.7% setting up the company for "another solid year".