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Q2 Social Media Data Mixed On Oxford Industries Brands

Oxford Industries, Inc. NYSE:OXM, Target Corporation NYSE:TGT - Q2 Social Media Data Mixed On Oxford Industries Brands

With Oxford Industries Inc OXM 2.01% shareholders looking ahead to the company’s Q2 earnings due out after the market close on Wednesday, the latest data from TickerTags indicate Oxford’s top two brands are trending in opposite directions on social media.

TickerTags monitors social media sites to identify trends by searching for words and phrases that appear together in social media content, such as tweets.

Related Link: Best Buy's Social Media Buzz Is Trending In The Wrong Direction

Organic social media mentions of Oxford’s Lilly Pulitzer brand were down 39 percent year-over-year (Y/Y) in Q2. The drop-off in buzz is likely partially due to the popularity of the Lilly Pulitzer collection at Target Corporation TGT 0.28% last summer. The Lilly Pulitzer brand has historically made up 21 percent of Oxford’s net sales.

More importantly for shareholders, however, is social media buzz surrounding Oxford’s top brand: Tommy Bahama. Tommy Bahama has historically made up 68 percent of Oxford’s sales, and the brand's Q2 social media numbers look promising. Social media mentions of Tommy Bahama were up 29 percent Y/Y in Q2 and are now up 32 percent year-to-date.

Investors are hoping the social chatter will translate to a higher Q2 bottom line for Oxford and a higher share price for the stock. So far this year, Oxford shares are down 2.2 percent.

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DateFirmActionFromTo
Jun 2016SunTrust Robinson HumphreyMaintainsBuy
Apr 2016Telsey Advisory GroupInitiates Coverage onOutperform
Feb 2016B. RileyInitiates Coverage onBuy

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