Oxford Industries Primed For Growth As In-Store Shopping Returns, Analyst Predicts - Oxford Industries (NYSE:OXM)

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Oxford Industries, Inc. OXM, with a price target of $125.
The company is scheduled to report its first-quarter results on Wednesday, June 7, after the market close.
The analyst applauds Oxford Industries' string of solid quarters registering topline growth in the past.
In the quarter to be reported, the analyst expects the company to benefit from the return to in-store shopping.
The analyst believes the return to work, social activities, and leisure travel have created a more favorable operating environment for the company.
Going ahead, Oxford Industries is expected to benefit from a mid-single-digit increase across its existing brands.
Full-price retail and e-commerce are expected to post positive growth, while wholesale and outlet revenue is expected to be flat Y/Y.
The analyst forecasts Q1 EPS of $3.75 vs. $3.50 last year. On the top line, the analyst predicts sales growth of 19.1% YoY to $420 million.
Coming to segments, the analyst expects Tommy Bahama to see 5% growth Y/Y, Lilly Pulitzer to see 6% growth Y/Y and 7% growth in the Emerging Brands.
The analyst expects gross margin expansion of 30 bps to 64.8%, with SG&A (including royalty and other income) to deleverage 130 bps to 45.9% of sales.
An operating margin of 19.9% is expected in the quarter to be reported, down 200 bps Y/Y.
Price Action: OXM shares are trading higher by 3.20% to $99.35 on the last check Friday.