Breaking News

CL King analyst Steven Marotta raised the firm's price target on Oxford Industries to $140 from $137 and keeps a Buy rating on the shares. Oxford's Q3 sales and adjusted EPS estimates exceeded Street estimates, and Marotta tells investors in a research note that multiple positive takeaways can be garnered from both the print and the updated financial guidance, including that while apparel brands across the industry began experiencing the incremental negative impacts of inflationary pressures on the consumer in October and early November, Oxford's stable of brands, led by Tommy Bahama and Lilly Pulitzer, have not been affected.

Citi analyst Paul Lejuez raised the firm's price target on Oxford Industries to $110 from $105 and keeps a Neutral rating on the shares. Despite the choppy environment generally in apparel, Oxford continues to post "very strong results," Lejuez tells investors in a research note. He says the company's sales and margins were both above expectations in Q3 while Q4 is off to a strong start. However, the analyst believes Oxford will have a difficult time maintaining its relatively low promotional stance as consumer weakness broadens to higher income demographics.