Oxford Industries, Inc. (NYSE:OXM) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Friday, January 19th will be given a dividend of 0.27 per share by the textile maker on Friday, February 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, January 18th.
Oxford Industries has increased its dividend payment by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Oxford Industries has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $4.20 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 25.7%.
Oxford Industries (NYSE OXM) opened at $82.28 on Friday. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $82.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.99. The firm has a market capitalization of $1,383.18, a PE ratio of 24.45, a P/E/G ratio of 2.24 and a beta of 0.37.
Several brokerages recently issued reports on OXM. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Friday, September 15th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the company a “buy” rating in a research note on Monday, October 16th. SunTrust Banks restated a “buy” rating and set a $66.00 price target on shares of Oxford Industries in a research note on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. Finally, KeyCorp restated a “buy” rating and set a $78.00 price target on shares of Oxford Industries in a research note on Friday, November 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $77.80.
In other news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the sale, the director now directly owns 17,002 shares in the company, valued at approximately $1,225,674.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now owns 6,204 shares in the company, valued at $497,871. The disclosure for this sale can be found here. Insiders own 3.29% of the company’s stock.
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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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