Brean Murray Carret & Co. Reiterates a 'Buy' on Oxford Industries (OXM); Raising the Ante for One of the Few Winnerss of 1H12

Brean Murray Carret & Co. reiterates a 'Buy' on Oxford Industries (NYSE: OXM) price target raised from $46 to $55.

Brean analyst said, "We reiterate our rating, raise our PT and increase our FY12 EPS to $2.40 (from $2.36) and FY13 EPS to $2.85 (from $2.80) after OXM management provided one of the few upbeat presentations at the ICR XChange conference, as the company's stable of luxury lifestyle brands and a deeper focus on own store expansion, coupled with impressive inventory disciplinek has allowed the key Tommy Bahama and Lilly Pulitzer brands to drive strong results and impressive margins."

"With mgmt commenting that sales momentum and full price selling remained strong throughout the Holidays and inventory levels were muted, we think it is still time to be aggressive in the name in terms of both our projections and price target."

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 $46.27 yesterday.

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