Oxford Industries Inc (OXM) Announces $0.34 Quarterly Dividend

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Oxford Industries Inc (NYSE:OXM) announced a quarterly dividend on Wednesday, December 12th, RTT News reports. Stockholders of record on Friday, January 18th will be given a dividend of 0.34 per share by the textile maker on Friday, February 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, January 17th.

Oxford Industries has increased its dividend payment by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Oxford Industries has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 28.9%.

NYSE OXM opened at $75.77 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 20.70, a PEG ratio of 1.78 and a beta of 0.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.02 and a quick ratio of 0.91. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $97.19.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 12th. The textile maker reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $233.70 million during the quarter, compared to analyst estimates of $242.45 million. Oxford Industries had a net margin of 6.69% and a return on equity of 15.56%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. Equities analysts predict that Oxford Industries will post 4.3 earnings per share for the current year.

A number of brokerages recently weighed in on OXM. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Citigroup raised their price target on shares of Oxford Industries from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, September 17th. DA Davidson lowered shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Thursday, December 13th. CL King assumed coverage on shares of Oxford Industries in a report on Friday, December 28th. They issued a “buy” rating and a $80.00 price target for the company. Finally, KeyCorp reduced their price objective on shares of Oxford Industries from $104.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.00.

In other Oxford Industries news, Director John R. Holder acquired 500 shares of Oxford Industries stock in a transaction on Tuesday, December 18th. The shares were purchased at an average cost of $69.89 per share, with a total value of $34,945.00. Following the completion of the purchase, the director now owns 21,134 shares in the company, valued at $1,477,055.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.07% of the stock is currently owned by company insiders.

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Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Dividend History for Oxford Industries (NYSE:OXM)

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