Oxford Industries, Inc. (NYSE:OXM) Increases Dividend to $0.70 Per Share

Oxford Industries, Inc. (NYSE:OXM) declared a quarterly dividend on Monday, March 23rd. Shareholders of record on Friday, April 17th will be given a dividend of 0.70 per share by the textile maker on Friday, May 1st. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, April 17th. This is a 1.4% increase from Oxford Industries’s previous quarterly dividend of $0.69.

Oxford Industries has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Oxford Industries has a dividend payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $7.20 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 38.9%.

Oxford Industries Price Performance

OXM stock opened at $44.19 on Wednesday. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $60.31. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $38.32 and a two-hundred day simple moving average of $37.73. The firm has a market capitalization of $657.99 million, a P/E ratio of -22.78 and a beta of 1.00.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million for the quarter, compared to the consensus estimate of $372.30 million. During the same quarter last year, the business earned $1.37 EPS. Oxford Industries’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts anticipate that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oxford Industries

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of Oxford Industries by 245.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after acquiring an additional 477 shares during the last quarter. CWM LLC lifted its holdings in shares of Oxford Industries by 61.5% in the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Oxford Industries by 46.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares during the last quarter. Quarry LP bought a new stake in shares of Oxford Industries in the 3rd quarter worth about $38,000. Finally, Signaturefd LLC lifted its holdings in Oxford Industries by 28.1% during the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after buying an additional 300 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.