PREVIEW: Oxford Industries drops ahead of results after the bell

Oxford Industries

01/09/2022 20:00

** Shares in clothing co Oxford Industries Inc  OXM.N  shares
were down 4.1% on Thurs, and on track for their biggest daily
pct decline since mid-June, ahead of the apparel company's
quarterly results due after the bell
    ** OXM, whose brands include Tommy Bahama and Lilly
Pulitzer, expected to report an increase in revenue to $364.00
mln from $328.70 mln a yr ago, while it is expected to post
earnings of $3.48/shr vs earnings of $3.24/shr, according to
IBES from Refinitiv
    ** The co has beaten Wall St earnings expectations in seven
of the last eight reporting periods, per Refinitiv data
    ** 4 analysts rate the stock "buy" while 1 rates it "hold," 
median 12-mo price target is $117.50​, based on Refinitiv data.
The stock was last at $102.35
    ** OXM underperforming the broader market on Thurs, with the
S&P 500  .SPX  last down ~0.2% 
    ** OXM down almost 10% for the week so far, while the S&P
600 consumer discretionary  .SPSMCD  is down >5% for the week
    ** OXM is up ~1% for the YTD while the S&P 600 index  .SPCY 
is down 17% YTD in line with S&P 500's roughly 17% YTD drop​​​

 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com))