Trade-Ideas: Oxford Industries (OXM) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Oxford Industries ( OXM) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Oxford Industries as such a stock due to the following factors:

  • OXM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.8 million.
  • OXM has traded 12,057 shares today.
  • OXM is trading at a new lifetime high.

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More details on OXM:

Oxford Industries, Inc., an apparel company, designs, sources, markets, and distributes products of company-owned lifestyle brands, licensed, and private labels apparel products worldwide. The stock currently has a dividend yield of 1.3%. OXM has a PE ratio of 28. Currently there are 3 analysts that rate Oxford Industries a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Oxford Industries has been 191,500 shares per day over the past 30 days. Oxford has a market cap of $1.3 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.06 and a short float of 3.6% with 3.10 days to cover. Shares are up 44.1% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Oxford Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • OXFORD INDUSTRIES INC has improved earnings per share by 5.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, OXFORD INDUSTRIES INC increased its bottom line by earning $2.79 versus $2.74 in the prior year. This year, the market expects an improvement in earnings ($3.53 versus $2.79).
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Textiles, Apparel & Luxury Goods industry average. The net income increased by 5.5% when compared to the same quarter one year prior, going from $14.97 million to $15.79 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.7%. Since the same quarter one year prior, revenues slightly increased by 9.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.

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