Oxford Industries recently released Q4 results were "strong," with its revenue growing 24% in 2022 and its EPS beating the firm’s estimate, Piper Sandler analyst Edward Yruma says. The company is likely one of the only names in the firm’s coverage to achieve record gross margins in 2022. Further, the firm believes valuation remains attractive given the company’s strong growth opportunity. Oxford Industries remains one of the firm’s favorite ideas in 2023. Piper Sandler reiterates an Overweight rating and $135 price target on the shares.
Published first on TheFly
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- Oxford Industries falls -10.1%
- Oxford Industries increases quarterly cash dividend 18% to 55c per share
- Oxford Industries sees FY23 adjusted EPS $11.50-$11.90, consensus $11.82
- Oxford Industries sees Q1 adjusted EPS $3.60-$3.80, consensus $4.10
- Oxford Industries reports Q4 adjusted EPS $2.28, consensus
