Oxford Industries, Inc. (OXM) to Issue Quarterly Dividend of $0.69 on August 1st

Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Thursday, June 12th, Wall Street Journal reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.69 per share by the textile maker on Friday, August 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Friday, July 18th.

Oxford Industries has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oxford Industries to earn $7.20 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 38.3%.

Oxford Industries Price Performance

Shares of Oxford Industries stock opened at $39.45 on Friday. The firm has a fifty day simple moving average of $51.72 and a 200-day simple moving average of $66.12. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. Oxford Industries has a 1-year low of $39.28 and a 1-year high of $108.51. The stock has a market capitalization of $586.38 million, a price-to-earnings ratio of 44.32 and a beta of 1.45.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $392.86 million during the quarter, compared to analysts’ expectations of $383.54 million. During the same period in the previous year, the company earned $2.66 earnings per share. Oxford Industries’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Oxford Industries will post 6.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OXM shares. Truist Financial dropped their target price on shares of Oxford Industries from $56.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Citigroup lowered their price target on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating on the stock in a report on Thursday. UBS Group boosted their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $52.00 target price on shares of Oxford Industries in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.80.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt bought 1,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Oxford Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock worth $517,000 after acquiring an additional 387 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Oxford Industries by 33.9% during the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock worth $381,000 after acquiring an additional 1,643 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oxford Industries by 22.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after acquiring an additional 5,577 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Oxford Industries by 311.9% during the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after acquiring an additional 222,150 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.