Brean Murray Carret & Co. Maintains a 'Buy' on Oxford Industries (OXM); Raising PT and Estimates After Strong Report

Brean Murray Carret & Co. maintains a 'Buy' on Oxford Industries (NYSE: OXM) price target of $60.00 (from $55.00).

Analyst, Eric Beder, said, " We are raising our price target, increasing our FY13 EPS to $2.90 (from $2.72) and our FY14 EPS to $3.30 (from $3.05) after Oxford Industries handily beat our in-line Q1 EPS projection by a nickel, driven by strong results from leading lifestyle brands Tommy Bahama and Lilly Pulitzer and raised FY13 guidance, driven by lower interest expense, strong sales and margin gains. We believe the company, with highly differentiated lifestyle brands and material unit growth potential for the foreseeable future at both Lilly P and Tommy B, is extremely well positioned to drive top and bottom line upside and continue to capture margin gains from their premium offerings and highly enthusiacstic customer base."

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 $43.84 yesterday.

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