Oxford Industries Inc (NYSE:OXM) declared a quarterly dividend on Wednesday, September 12th, RTT News reports. Shareholders of record on Friday, October 19th will be given a dividend of 0.34 per share by the textile maker on Friday, November 2nd. This represents a $1.36 annualized dividend and a yield of 1.51%.

Oxford Industries has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 8 years. Oxford Industries has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Oxford Industries to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 26.9%.

Oxford Industries stock opened at $90.26 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.25 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.98 and a beta of 0.21. Oxford Industries has a 12 month low of $58.91 and a 12 month high of $97.19.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 12th. The textile maker reported $1.83 EPS for the quarter, meeting the consensus estimate of $1.83. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $306.12 million. Oxford Industries had a return on equity of 15.17% and a net margin of 6.30%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. research analysts anticipate that Oxford Industries will post 4.59 EPS for the current year.

Several equities analysts have commented on OXM shares. KeyCorp increased their target price on Oxford Industries from $98.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, August 21st. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Friday, June 15th. DA Davidson restated a “buy” rating and set a $107.00 price objective (up from $91.00) on shares of Oxford Industries in a research report on Thursday, June 7th. Finally, B. Riley raised their price objective on Oxford Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, June 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Oxford Industries currently has a consensus rating of “Buy” and a consensus price target of $93.38.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Dividend History for Oxford Industries (NYSE:OXM)

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