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

Oxford Industries, Inc. (NYSE:OXM) declared a quarterly dividend on Thursday, December 12th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Friday, January 17th.

Oxford Industries has increased its dividend by an average of 30.7% per year over the last three years. Oxford Industries has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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

OXM stock opened at $76.87 on Friday. Oxford Industries has a 1 year low of $72.24 and a 1 year high of $113.88. The stock’s fifty day moving average is $77.79 and its two-hundred day moving average is $88.82. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 86.37 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Oxford Industries

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 shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at approximately $2,727,007.56. This represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.