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

Key Points

• Oxford Industries, Inc. declared a quarterly dividend of $0.69 per share, with shareholders of record on October 17th set to receive it on October 31st, resulting in a yield of 5.4%.
• The company reported earnings of $1.26 per share, exceeding analysts' expectations, but experienced a 4.0% decline in revenue year-over-year, totaling $403.1 million.
• Despite the positive earnings report, analysts have mixed views, with recent price target adjustments and a consensus rating of "Reduce" driven by factors such as the debt-to-equity ratio of 0.20 and a current stock price of $51.48, up 27.4% on the trading day.

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) announced a quarterly dividend on Thursday, September 11th, Wall Street Journal reports. Shareholders of record on Friday, October 17th will be given a dividend of 0.69 per share by the textile maker on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 17th.

Oxford Industries has a payout ratio of 59.9% indicating that 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 Trading Up 27.4%

OXM stock traded up $11.07 during midday trading on Thursday, reaching $51.48. The company's stock had a trading volume of 2,161,579 shares, compared to its average volume of 447,274. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.32. The stock has a fifty day simple moving average of $43.09 and a two-hundred day simple moving average of $49.58. Oxford Industries has a 1 year low of $36.25 and a 1 year high of $89.86. The firm has a market capitalization of $769.11 million, a price-to-earnings ratio of 10.00 and a beta of 1.36.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Wednesday, September 10th. The textile maker reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The business had revenue of $403.10 million for the quarter, compared to analyst estimates of $406.14 million. During the same quarter last year, the firm posted $2.77 earnings per share. The business's revenue was down 4.0% compared to the same quarter last year. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS. On average, equities research analysts predict that Oxford Industries will post 6.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OXM shares. UBS Group cut their price target on Oxford Industries from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. Telsey Advisory Group restated a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research note on Thursday. Citigroup cut their price target on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Truist Financial raised their price target on Oxford Industries from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Zacks Research upgraded Oxford Industries to a "hold" rating in a research note on Monday, August 11th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $54.40.

Oxford Industries Company Profile

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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