Oxford Industries, Inc. (NYSE:OXM – Get Free Report) declared a quarterly dividend on Wednesday, June 10th. Investors of record on Friday, July 17th will be given a dividend of 0.70 per share by the textile maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, July 17th.
Oxford Industries has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Oxford Industries has a dividend payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $3.15 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 88.9%.
Oxford Industries Trading Down 17.8%
Oxford Industries stock opened at $35.56 on Friday. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $51.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The stock has a market capitalization of $529.50 million, a P/E ratio of -13.47 and a beta of 1.03. The stock has a 50-day simple moving average of $42.82 and a 200 day simple moving average of $39.37.
Institutional Investors Weigh In On Oxford Industries
Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in shares of Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after acquiring an additional 477 shares during the period. GAMMA Investing LLC raised its position in shares of Oxford Industries by 46.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after buying an additional 294 shares in the last quarter. Quarry LP acquired a new stake in shares of Oxford Industries in the third quarter valued at approximately $38,000. Signaturefd LLC raised its position in shares of Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after buying an additional 300 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Oxford Industries by 44.8% in the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after buying an additional 466 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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