Oxford Industries, Inc. (NYSE:OXM) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Stockholders of record on Friday, January 19th will be paid a dividend of 0.27 per share by the textile maker on Friday, February 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%.
Oxford Industries has raised its dividend by an average of 15.4% annually over the last three years and has increased its dividend every year for the last 7 years. Oxford Industries has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $3.95 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.3%.
Shares of Oxford Industries (OXM) traded down $0.28 during trading on Tuesday, hitting $66.18. The stock had a trading volume of 140,367 shares, compared to its average volume of 160,917. The firm has a market capitalization of $1,111.07, a price-to-earnings ratio of 21.16, a PEG ratio of 1.82 and a beta of 0.39. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $72.36.
OXM has been the topic of several recent analyst reports. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Friday, September 15th. FBR & Co reissued a “buy” rating and set a $75.00 price target on shares of Oxford Industries in a research report on Tuesday, September 12th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Telsey Advisory Group upped their price target on Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.20.
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About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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