Oxford Industries, Inc. (NYSE:OXM) Increases Dividend to $0.69 Per Share

Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.69 per share by the textile maker on Friday, May 2nd. This represents a $2.76 annualized dividend and a yield of 4.68%. The ex-dividend date is Thursday, April 17th. This is a 3.0% increase from Oxford Industries’s previous quarterly dividend of $0.67.

Oxford Industries has raised its dividend by an average of 22.1% annually over the last three years. Oxford Industries has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $7.20 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 37.2%.

Oxford Industries Stock Down 5.8 %

Shares of OXM stock traded down $3.61 during trading hours on Friday, reaching $58.93. 1,330,880 shares of the company’s stock were exchanged, compared to its average volume of 338,606. Oxford Industries has a fifty-two week low of $51.55 and a fifty-two week high of $113.88. The stock’s 50 day moving average is $70.26 and its 200-day moving average is $76.88. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The company has a market cap of $925.26 million, a price-to-earnings ratio of 66.21 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. Analysts predict that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Friday. Finally, Telsey Advisory Group reduced their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday.

Insider Buying and Selling at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the transaction, the senior vice president now owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.70% of the company’s stock.

Oxford Industries Company Profile

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.