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

Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Stockholders 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 dividend yield of 3.11%. The ex-dividend date is Friday, January 17th.

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 32.1% meaning its dividend is sufficiently covered by earnings. 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 Down 0.9 %

Shares of OXM stock opened at $86.07 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09. Oxford Industries has a twelve month low of $72.24 and a twelve month high of $113.88. The stock has a 50 day moving average of $80.40 and a 200 day moving average of $85.29. The stock has a market cap of $1.35 billion, a P/E ratio of 96.71 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Oxford Industries will post 6.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OXM. UBS Group lowered their target price on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th.

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.