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Equities research analysts at Wunderlich began coverage on shares of Oxford Industries (NYSE:OXM) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $72.00 price target on the stock. Wunderlich’s price objective indicates a potential upside of 16.98% from the stock’s previous close.

The analysts wrote, “We are initiating coverage of Oxford Industries, Inc. (OXM), owner of the Tommy Bahama, Lilly Pulitzer, and Ben Sherman brands, with a Buy rating and price target of $72, or 20.9x our FY16 (January) EPS projection. We believe the company’s core brands are strong, lifestyle-driven offerings that register premium margins and are capable of continued unit and overall expansion. With many of the company’s tertiary issues receding, we believe the growth engines of Oxford (Tommy and Lilly) are poised to shine through, resulting in bottom-line upside and multiple expansion. As such, we are buyers of OXM.”

Oxford Industries (NYSE:OXM) traded up 0.23% during mid-day trading on Wednesday, hitting $61.69. The stock had a trading volume of 14,400 shares. Oxford Industries has a 52 week low of $58.21 and a 52 week high of $82.84. The stock’s 50-day moving average is $62.55 and its 200-day moving average is $68.60. The company has a market cap of $1.015 billion and a price-to-earnings ratio of 21.68.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.07. The company had revenue of $255.00 million for the quarter, compared to the consensus estimate of $254.57 million. During the same quarter last year, the company posted $0.82 earnings per share. Oxford Industries’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Oxford Industries will post $3.10 earnings per share for the current fiscal year.

Separately, analysts at Sidoti upgraded shares of Oxford Industries from a “neutral” rating to a “buy” rating in a research note on Monday, June 9th.

Oxford Industries, Inc is an apparel company, which designs, sources, markets and distributes products bearing the trademarks of its lifestyle brands, as well as certain licensed and private label apparel products.

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