Oxford Industries Inc (NYSE:OXM) announced a quarterly dividend on Wednesday, June 19th, RTT News reports. Investors of record on Friday, July 19th will be given a dividend of 0.37 per share by the textile maker on Friday, August 2nd. This represents a $1.48 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, July 18th.
Oxford Industries has increased its dividend by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Oxford Industries has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. 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 $71.06 on Wednesday. The company has a fifty day simple moving average of $72.88. Oxford Industries has a 12-month low of $63.50 and a 12-month high of $97.19. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.18 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.52 and a beta of 0.50.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business had revenue of $282.00 million during the quarter, compared to the consensus estimate of $276.75 million. During the same quarter last year, the firm posted $1.28 EPS. Oxford Industries’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oxford Industries will post 4.57 EPS for the current fiscal year.
A number of equities analysts have issued reports on OXM shares. Telsey Advisory Group cut their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a report on Monday, June 10th. Citigroup started coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They set a “buy” rating on the stock. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research downgraded shares of Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Buy” and an average target price of $86.00.
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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