Oxford Industries, Inc. (OXM) Plans $0.27 Quarterly Dividend
Oxford Industries, Inc. (NYSE:OXM) declared a quarterly dividend on Thursday, August 31st, RTT News reports. Investors of record on Friday, October 13th will be given a dividend of 0.27 per share by the textile maker on Friday, October 27th. This represents a $1.08 annualized dividend and a yield of 1.87%.
Oxford Industries has raised its dividend payment by an average of 15.4% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Oxford Industries has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $3.93 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.5%.
Oxford Industries (NYSE OXM) traded down 1.08% during trading on Thursday, reaching $57.81. The company had a trading volume of 289,835 shares. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19. The firm has a market capitalization of $971.79 million, a PE ratio of 19.47 and a beta of 0.40. The firm’s 50 day moving average price is $61.00 and its 200 day moving average price is $58.00.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $273.40 million. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. Oxford Industries’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Analysts anticipate that Oxford Industries will post $3.59 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. BidaskClub lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. FBR & Co initiated coverage on Oxford Industries in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Telsey Advisory Group upped their price target on Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $71.33.
About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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