Oxford Industries, Inc. (OXM) To Go Ex-Dividend on July 19th

Oxford Industries, Inc. (NYSE:OXM) declared a quarterly dividend on Wednesday, June 12th, Zacks reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.67 per share by the textile maker on Friday, August 2nd. This represents a $2.68 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, July 19th.

Oxford Industries has increased its dividend by an average of 30.7% annually over the last three years. Oxford Industries has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oxford Industries to earn $9.73 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 27.5%.

Oxford Industries Stock Up 1.7 %

OXM opened at $103.10 on Wednesday. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. The business has a 50 day moving average price of $103.25 and a 200 day moving average price of $102.69. The firm has a market cap of $1.62 billion, a P/E ratio of 41.74 and a beta of 1.54.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm had revenue of $398.18 million during the quarter, compared to analyst estimates of $404.81 million. During the same quarter in the previous year, the business posted $3.78 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts forecast that Oxford Industries will post 8.8 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Oxford Industries in a report on Thursday, June 13th. Citigroup decreased their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research note on Thursday, June 13th. Finally, UBS Group reduced their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.20.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the transaction, the executive vice president now owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

About Oxford Industries

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; and 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.