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

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) announced a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be given 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 4.65%. 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 increased its dividend payment by an average of 22.1% annually over the last three years. Oxford Industries has a dividend payout ratio of 48.8% 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 Stock Performance

Shares of NYSE OXM traded up $0.69 during midday trading on Tuesday, hitting $59.36. The company's stock had a trading volume of 566,807 shares, compared to its average volume of 339,120. The stock has a fifty day moving average price of $68.69 and a 200 day moving average price of $76.27. The firm has a market capitalization of $931.93 million, a price-to-earnings ratio of 66.69 and a beta of 1.61. Oxford Industries has a one year low of $53.23 and a one year high of $111.46. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

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Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same quarter in the prior year, the business posted $1.90 earnings per share. The business's quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts forecast that Oxford Industries will post 6.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OXM. Telsey Advisory Group decreased their price target on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday. Finally, UBS Group cut their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Friday.

Insider Activity

In related news, SVP Tracey Hernandez sold 1,250 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the sale, the senior vice president now directly 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 through the SEC website. Corporate 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.