Brean Murray Carret & Co. Reiterates a 'Buy' on Oxford Industries (OXM); Right Stuff To Succeed

Brean Murray Carret & Co. reiterates a 'Buy' on Oxford Industries (NYSE: OXM) price target of $55.00.

Analyst, Eric Beder, said, "We believe the company continues to have the right stuff to succeed in a very difficult retailing environment: strong, full price, lifestyle brands, a compelling unit and ecommerce growth story, and the start of a potentially material Asian expansion story in Tommy Bahama. We remain confident the company will meet or exceed our 1Q projections when they announce results next week. With OXM trading 17% off of its 52 week high, and at 14.3X our conservative FY14 EPS projections, we believe the risk/reward in the stock remains highly appealing."

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 $43.87 yesterday.

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