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Why Is Oxford Industries (OXM) Stock Rocketing Higher Today

OXM Cover Image

What Happened?

Shares of fashion conglomerate Oxford Industries (NYSE: OXM) jumped 22.2% in the morning session after the company reported better-than-expected second-quarter earnings and maintained its full-year financial outlook. 

The owner of brands like Tommy Bahama and Lilly Pulitzer posted adjusted earnings of $1.26 per share, surpassing analyst estimates. This result came despite a year-over-year decline from $2.77 per share in the same period last year. Quarterly revenue fell 4% to $403.1 million, narrowly missing expectations. While revenue missed and profit margins were pressured, investors were encouraged that the earnings beat forecasts and that the company held its full-year guidance steady. Oxford Industries continues to expect full-year net sales between $1.475 billion and $1.515 billion, with adjusted earnings per share forecasted in the range of $2.80 to $3.20. The market's positive reaction reflects relief that the performance and outlook were not worse amid challenging conditions.

Is now the time to buy Oxford Industries? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Oxford Industries’s shares are extremely volatile and have had 32 moves greater than 5% over the last year. But moves this big are rare even for Oxford Industries and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 9 days ago when the stock dropped 4.2% on the news that the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs. 

Investors reacted to a federal court ruling that most of President Trump's global tariffs were illegal, raising uncertainty over trade policy and the fiscal impact of potential refunds. Rising Treasury yields added to the pressure, with the 10-year climbing above 4.2% and the 30-year nearing 5%, intensifying worries about stretched equity valuations. September's historically weak track record for stocks further dampened sentiment, leaving traders cautious ahead of the jobs report later in the week and the Federal Reserve's upcoming rate decision.

Oxford Industries is down 38.3% since the beginning of the year, and at $48.51 per share, it is trading 44.9% below its 52-week high of $88.05 from January 2025. Investors who bought $1,000 worth of Oxford Industries’s shares 5 years ago would now be looking at an investment worth $1,018.

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