Analysts Just Increased Price Targets of These 5 Stocks

2. Oxford Industries, Inc. (NYSE:OXM)

Number of Hedge Fund Holders: 15

Oxford Industries, Inc. (NYSE:OXM) has gained 5.31% as of 12:10 PM ET. Paul Lejuez at Citi increased the price target on Oxford Industries, Inc. (NYSE:OXM) from $86 to $92 but maintained a Sell rating on the stock. The analyst stated that even though the company posted strong Q1 2022 results, he is skeptical about the performance during the second half of the year. Lejuez expects higher promotions to affect even those companies that are catering to higher-income consumers.

Oxford Industries, Inc. (NYSE:OXM) posted revenue and EPS of $352.6 million and $3.50, respectively, as opposed to the analysts’ forecast of $329.02 million and $2.75. Despite inflationary and supply chain-related concerns, Oxford Industries, Inc. (NYSE:OXM) provided strong guidance for Q2 2022 and FY22.

Oxford Industries, Inc. (NYSE:OXM) was held by 15 hedge funds at the end of Q1 2022.