Advertisement
U.S. markets open in 1 hour 38 minutes
  • S&P Futures

    5,303.25
    -5.00 (-0.09%)
     
  • Dow Futures

    40,121.00
    -23.00 (-0.06%)
     
  • Nasdaq Futures

    18,479.50
    -24.25 (-0.13%)
     
  • Russell 2000 Futures

    2,138.80
    +0.40 (+0.02%)
     
  • Crude Oil

    82.47
    +1.12 (+1.38%)
     
  • Gold

    2,228.20
    +15.50 (+0.70%)
     
  • Silver

    24.61
    -0.14 (-0.57%)
     
  • EUR/USD

    1.0790
    -0.0040 (-0.37%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    13.03
    +0.25 (+1.96%)
     
  • GBP/USD

    1.2618
    -0.0020 (-0.16%)
     
  • USD/JPY

    151.3830
    +0.1370 (+0.09%)
     
  • Bitcoin USD

    70,615.40
    +347.91 (+0.50%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Why You Shouldn't Bet Against Oxford Industries (OXM) Stock

One stock that might be an intriguing choice for investors right now is Oxford Industries, Inc. OXM. This is because this security in the Textile – Apparel space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Textile – Apparel space as it currently has a Zacks Industry Rank of 24 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Oxford Industries is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Oxford Industries, Inc. Price and Consensus

Oxford Industries, Inc. Price and Consensus
Oxford Industries, Inc. Price and Consensus

Oxford Industries, Inc. price-consensus-chart | Oxford Industries, Inc. Quote

In fact, over the past month, current quarter estimates have risen from $1.18 per share to $2.32 per share, while current year estimates have risen from $3.05 per share to $5.10 per share. This has helped OXM to earn a Zacks Rank 1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Oxford Industries. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Oxford Industries, Inc. (OXM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement