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

Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Thursday, December 12th,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.67 per share by the textile maker on Friday, January 31st. This represents a $2.68 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, January 17th.

Oxford Industries has raised its dividend payment by an average of 30.7% per year over the last three years. Oxford Industries has a dividend payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oxford Industries to earn $7.98 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 33.6%.

Oxford Industries Stock Performance

Shares of NYSE:OXM opened at $81.49 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 91.56 and a beta of 1.56. Oxford Industries has a one year low of $72.24 and a one year high of $113.88. The business’s 50-day simple moving average is $77.89 and its 200 day simple moving average is $88.65.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 19.26% and a net margin of 0.98%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Analysts predict that Oxford Industries will post 7.16 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXM has been the subject of a number of analyst reports. UBS Group reduced their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research note on Wednesday, December 4th. Finally, Citigroup dropped their price target on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th.

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; 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.