Oxford Industries Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of apparel maker Oxford Industries (NYSE: OXM  ) rose more than 11% in early trading in what appears to be a case of seller's remorse.

So what: The stock briefly sold off yesterday when Oxford reported a 64% decline in second-quarter earnings and forecast a worse-than-expected Q3 earnings result. Management told analysts to expect $0.10 to $0.15 in profit in the current quarter, yet consensus estimates were calling for at least $0.15.

Now what: The decline was short-lived, however, and investors disappointed with guidance now believe the stock, priced at just over 15 times forward earnings, has more room to run. Do you agree? Disagree? Please weigh in using the comments box below.

Interested in more info on Oxford Industries? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool owns shares of Oxford Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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