Oxford Industries (OXM) Management Meetings Demonstrate Long Term Opportunity - KeyBanc

KeyBanc analyst Edward Yruma reiterated an Overweight rating and $54.00 price target on Oxford Industries (NYSE: OXM) after hosting management meetings with Oxford and walking away confident that the Company continues to have solid long-term growth prospects.

The analyst stated "Management continues to navigate a difficult COVID-19 environment well. Hawaii and Las Vegas remain difficult markets given a lack of tourism, but select drive-in markets remain strong. Florida is off-season, so weakness has been less impactful. There have been some delays in Marlin Bar rollouts, but the concept seems well suited for social distancing. Long-term, we expect OXM to continue to reduce its exposure to enclosed malls while selectively opening new Marlin Bar locations. E-commerce trends remain strong and ship-from-store is helping with inventory management".

For an analyst ratings summary and ratings history on Oxford Industries click here. For more ratings news on Oxford Industries click here.

Shares of Oxford Industries closed at $43.35 yesterday.

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