Oxford Industries, Inc. (NYSE:OXM) Declares Quarterly Dividend of $0.67

Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Thursday, March 28th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.67 per share by the textile maker on Friday, May 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, April 18th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65.

Oxford Industries has increased its dividend payment by an average of 30.7% annually over the last three years and has increased its dividend every year for the last 4 years. Oxford Industries has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $10.38 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 25.8%.

Oxford Industries Stock Up 0.5 %

Shares of NYSE OXM opened at $103.01 on Wednesday. Oxford Industries has a one year low of $82.33 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. The firm’s 50 day simple moving average is $104.02 and its two-hundred day simple moving average is $97.70. The stock has a market capitalization of $1.61 billion, a P/E ratio of 27.91 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The business had revenue of $404.43 million for the quarter, compared to the consensus estimate of $408.28 million. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that Oxford Industries will post 9.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup cut shares of Oxford Industries from a “neutral” rating to a “sell” rating and cut their target price for the stock from $98.00 to $94.00 in a report on Monday, April 1st. UBS Group cut their target price on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Finally, Telsey Advisory Group lifted their price target on shares of Oxford Industries from $102.00 to $110.00 and gave the company a “market perform” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.60.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the completion of the transaction, the chief executive officer now owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Large investors have recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new position in shares of Oxford Industries in the 4th quarter worth about $261,000. Delphia USA Inc. bought a new stake in Oxford Industries in the 1st quarter worth about $243,000. Prelude Capital Management LLC bought a new stake in Oxford Industries in the 4th quarter worth about $230,000. Captrust Financial Advisors increased its holdings in Oxford Industries by 8.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock worth $197,000 after buying an additional 166 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Oxford Industries by 51.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,385 shares of the textile maker’s stock worth $136,000 after buying an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.