Oxford Industries, Inc. Announces Quarterly Dividend of $0.69 (NYSE:OXM)

by · The Cerbat Gem

Oxford Industries, Inc. (NYSE:OXM – Get Free Report) declared a quarterly dividend on Wednesday, December 10th. Investors of record on Friday, January 16th will be given a dividend of 0.69 per share by the textile maker on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, January 16th.

Oxford Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Oxford Industries has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Research 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 Down 22.8%

Oxford Industries stock traded down $9.22 during midday trading on Thursday, hitting $31.23. 749,389 shares of the stock were exchanged, compared to its average volume of 437,993. Oxford Industries has a 52-week low of $30.57 and a 52-week high of $89.86. The company has a quick ratio of 0.51, a current ratio of 1.18 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $37.66 and its 200-day moving average price is $42.02. The stock has a market capitalization of $464.38 million, a price-to-earnings ratio of 8.45 and a beta of 1.11.

Oxford Industries (NYSE:OXM – Get Free Report) last posted its quarterly earnings data on Wednesday, December 10th. The textile maker reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.03. Oxford Industries had a net margin of 3.80% and a return on equity of 10.99%. The firm had revenue of $307.34 million during the quarter, compared to analyst estimates of $304.42 million. During the same quarter last year, the business posted ($0.11) EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. On average, research analysts expect that Oxford Industries will post 6.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup upgraded Oxford Industries from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $35.00 in a report on Tuesday, November 25th. Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, October 8th. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $52.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Truist Financial raised their price objective on shares of Oxford Industries from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, September 11th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oxford Industries currently has an average rating of “Reduce” and a consensus price target of $47.00.

Read Our Latest Stock Report on OXM

Oxford Industries Company Profile

(Get Free Report)

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.

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