Oxford Industries Inc (NYSE:OXM) announced a quarterly dividend on Tuesday, June 9th, Zacks reports. Shareholders of record on Friday, July 17th will be paid a dividend of 0.25 per share by the textile maker on Friday, July 31st. This represents a $1.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, July 16th.

Oxford Industries has raised its dividend payment by an average of 245.2% per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Oxford Industries has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oxford Industries to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 39.4%.

OXM opened at $43.39 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.77 and a quick ratio of 1.66. The firm has a fifty day moving average price of $44.77 and a 200 day moving average price of $52.26. Oxford Industries has a 1 year low of $30.37 and a 1 year high of $80.55. The stock has a market cap of $701.15 million, a P/E ratio of -34.44 and a beta of 1.25.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, June 10th. The textile maker reported ($1.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.85). Oxford Industries had a negative net margin of 1.99% and a positive return on equity of 6.56%. The firm had revenue of $160.34 million during the quarter, compared to analyst estimates of $182.43 million. Equities analysts expect that Oxford Industries will post -1.5 EPS for the current year.

Several equities research analysts recently commented on OXM shares. KeyCorp cut their price target on shares of Oxford Industries from $86.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, March 27th. ValuEngine raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Wednesday, June 17th. Needham & Company LLC boosted their price target on shares of Oxford Industries from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Zacks Investment Research lowered shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Finally, Citigroup dropped their target price on shares of Oxford Industries from $53.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.00.

About Oxford Industries

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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