Oxford Industries Inc (NYSE:OXM) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.37 per share by the textile maker on Friday, November 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, October 17th.
Oxford Industries has raised its dividend payment by an average of 10.4% per year over the last three years and has increased its dividend every year for the last 9 years. Oxford Industries has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 29.9%.
NYSE:OXM opened at $74.15 on Friday. The stock has a fifty day moving average price of $69.48 and a 200-day moving average price of $74.27. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.71 and a beta of 0.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. Oxford Industries has a fifty-two week low of $63.50 and a fifty-two week high of $93.52.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The company had revenue of $302.00 million for the quarter, compared to the consensus estimate of $306.98 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. Research analysts predict that Oxford Industries will post 4.57 EPS for the current fiscal year.
OXM has been the subject of a number of recent analyst reports. B. Riley cut their target price on Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. ValuEngine upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Telsey Advisory Group cut their target price on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $85.38.
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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