Oxford Industries Inc (NYSE:OXM) announced a quarterly dividend on Thursday, March 28th, RTT News reports. Shareholders of record on Thursday, April 18th will be paid a dividend of 0.37 per share by the textile maker on Friday, May 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.34.
Oxford Industries has raised its dividend by an average of 10.4% annually over the last three years and has raised its dividend every year for the last 9 years. Oxford Industries has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $4.92 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 30.1%.
Shares of OXM opened at $79.26 on Tuesday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.71 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90. Oxford Industries has a 1 year low of $63.50 and a 1 year high of $97.19.
Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 28th. The textile maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $298.54 million for the quarter, compared to analyst estimates of $301.84 million. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Research analysts anticipate that Oxford Industries will post 4.56 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on OXM. Zacks Investment Research upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. CL King began coverage on Oxford Industries in a research report on Friday, December 28th. They issued a “buy” rating and a $80.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.00.
Oxford Industries Company Profile
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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