Oxford Industries Inc (NYSE:OXM) declared a quarterly dividend on Tuesday, June 9th, Zacks reports. Shareholders of record on Friday, July 17th will be paid a dividend of 0.25 per share by the textile maker on Friday, July 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, July 16th.
Oxford Industries has raised its dividend payment by an average of 245.2% per year over the last three years and has raised its dividend every year for the last 10 years. Oxford Industries has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oxford Industries to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 39.4%.
Oxford Industries stock opened at $43.39 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.77 and a quick ratio of 1.66. Oxford Industries has a one year low of $30.37 and a one year high of $80.55. The stock has a market capitalization of $701.15 million, a PE ratio of -34.44 and a beta of 1.25. The business’s fifty day moving average is $44.77 and its 200 day moving average is $52.26.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 10th. The textile maker reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.85). The business had revenue of $160.34 million for the quarter, compared to the consensus estimate of $182.43 million. Oxford Industries had a negative net margin of 1.99% and a positive return on equity of 6.56%. As a group, sell-side analysts expect that Oxford Industries will post -1.5 EPS for the current fiscal year.
A number of brokerages have issued reports on OXM. KeyCorp cut their price objective on shares of Oxford Industries from $86.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, March 27th. Telsey Advisory Group reiterated a “market perform” rating on shares of Oxford Industries in a research note on Wednesday, March 25th. ValuEngine raised Oxford Industries from a “hold” rating to a “buy” rating in a report on Wednesday, June 17th. Citigroup decreased their target price on Oxford Industries from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, B. Riley restated a “buy” rating and set a $62.00 price target on shares of Oxford Industries in a report on Thursday, June 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.00.
About Oxford Industries
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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