Oxford Industries Stock Falls. China Tariffs Are to Blame. - Barron's
1. OXM slashes fiscal-year outlook amid increased tariff costs from China. 2. Expected earnings now at $2.80 to $3.20, down from $4.60 to $5. 3. Tariffs forecast to reduce gross margins by $40 million, up from $9-10 million. 4. Citi Research issued a Sell rating with a $44 price target. 5. CEO states substantial sourcing changes won't happen until 2026.