Oxford Industries Inc (OXM) News & EventsOXMOxford Industries Inc

U.S. Futures Rebound, Intel Price Target Raised to $135

Markets are looking to rebound this morning after two sessions of selling pressure, with futures higher across the major indexes. The catalyst is a combination of bargain-hunting in beaten-down technology shares. Nasdaq futures are leading the advance, reflecting renewed interest in AI and semiconductor names after a sharp pullback earlier this week.Wednesday's CPI report showed headline inflation accelerating to 4.2% year-over-year, driven largely by energy costs. Meanwhile, this morning's PPI report showed producer prices for final demand in the U.S. increased 1.1% month-over-month in May, the same as a downwardly revised 1.1% rise in April and once again above forecasts of 0.7%.In pre-market trading, S&P 500 futures rose 0.49%, Nasdaq futures rose 0.83% and Dow futures rose 0.54%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Intelup 4% after BofA double upgraded the stock to Buy from Underperform with a price target of $135, up from $96, citing higher confidence in Intel's opportunity to help address industry constraints in leading edge wafers and packagingViaSatup 4% after announcing it was awarded a prime contract by the U.S. Space Force's Space Systems Command to build, launch and deliver the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit satellitesVoyager Technologiesup 3% after BTIG initiated coverage of shares with a Buy rating and $55 price targetEatonup 2% after announcing it will separate and combine its Mobility Group with Danain a Reverse Morris Trust transaction creating a combined company valued at over $10BUP AFTER EARNINGS -Navanup 20%Hooker Furnitureup 17%Lovesacup 1%Stitch Fixup 1%DOWN AFTER EARNINGS -Oxford Industriesdown 10%Oracledown 10%Aurora Cannabisdown 6%LOWER -Danadown 7% after announcing Eatonwill separate and combine its Mobility Group with the company in a Reverse Morris Trust transaction

Dow Industrials Falls Below 50,000, Super Micro Drops Nearly 30%

Geopolitics, economics, and valuations were top of mind for investors on Wednesday, with re-escalating U.S.-Iran tensions, heating up inflation data, and more heavy selling in the AI/Tech trade combining to pressure the markets to close at or near session lows.  For the first time in three weeks, Dow Industrials is back below 50,000 level with a 1.9% drop, S&P 500 fell 1.6% to five-week lows, while Nasdaq Composite also made new five-week lows with the most pronounced 2% retreat.  Industrials, Basic Materials, and Tech were the worst performing sectors in the benchmark as defensive areas like Consumer Staples and Utilities fared better, though there were few places to hide.    Among the notable losers, Super Microwas slammed by nearly 30% in the wake of its equity offering announced last night, though there was also plenty of heavy selling in Industrials.  Casey's Generalwas the standout among the gainers following its strong earnings overnight and consumer defensive sector position.In the opening minutes of the evening session, equity futures remain under pressure in the wake of more bad news from the Tech sector in the form of a post-earnings selloff in Oracleshares.  S&P e-minis contract is down 0.4% and Nasdaq 100 is down by 0.6%.  In commodities, WTI Crude Oil continues to bounce, rising above $92 per barrel as U.S. and Iranian sides trade barbs suggesting any hope for a permanent ceasefire is under heavy strain.  Metals are also sharply lower - gold falling below $4,065 and silver below $63 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Navanup 16.9%Stitch Fixup 2.7%ALSO HIGHER -Genius Sportsup 3.2% after announcing it will provide data services for Polymarket-LIGA MX partnershipDOWN AFTER EARNINGS -Oxford Industriesdown 12.7%Oracledown 9.5%ALSO LOWER -PureCycle Technologiesdown 12.8% after equity offering

Company Expects Q1 2026 Revenue of $385M-$395M

Sees Q1 revenue $385M-$395M, consensus $389M. The company said, "For the first quarter of fiscal 2026, the Company expects net sales to be between $385 million and $395 million compared to net sales of $393 million in the first quarter of fiscal 2025. GAAP EPS is expected to be in a range of $1.13 to $1.23 in the first quarter compared to GAAP EPS of $1.70 in the first quarter of fiscal 2025. Adjusted EPS is expected to be between $1.20 and $1.30 compared to adjusted EPS of $1.82 in the first quarter of fiscal 2025. The first quarter fiscal 2026 guidance also includes: An approximate $12 million, or $0.60 per share impact of higher tariffs resulting from the annualized impact of the IEEPA tariffs enacted in April 2025; $1 million of primarily increased depreciation related expenses, or approximately $0.05 per share impact, related to the new Lyons, Georgia distribution center; $1 million, or $0.05 per share impact from higher interest expense; and A higher adjusted effective tax rate of approximately 25% compared to 24% in 2025."