Oxford Industries Inc (OXM) to Issue Quarterly Dividend of $0.37 on November 1st

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Oxford Industries Inc (NYSE:OXM) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.37 per share by the textile maker on Friday, November 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, October 17th.

Oxford Industries has raised its dividend by an average of 10.4% per year over the last three years and has increased 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 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 $74.65 on Friday. The stock’s 50 day moving average is $69.48 and its 200 day moving average is $74.27. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $93.52. The stock has a market cap of $1.33 billion, a PE ratio of 17.28, a P/E/G ratio of 1.71 and a beta of 0.48.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, September 11th. The textile maker reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The business had revenue of $302.00 million during the quarter, compared to analysts’ expectations of $306.98 million. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts forecast that Oxford Industries will post 4.57 EPS for the current fiscal year.

OXM has been the topic of a number of research analyst reports. ValuEngine raised Oxford Industries from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Telsey Advisory Group lowered their price target on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating on the stock in a report on Thursday. B. Riley lowered their price target on Oxford Industries from $97.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Zacks Investment Research cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.38.

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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Dividend History for Oxford Industries (NYSE:OXM)

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