Oxford Industries, Inc. (NYSE:OXM – Get Rating) announced a quarterly dividend on Wednesday, December 7th, Zacks reports. Shareholders of record on Friday, January 13th will be given a dividend of 0.55 per share by the textile maker on Friday, January 27th. This represents a $2.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, January 12th.
Oxford Industries has increased its dividend by an average of 6.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Oxford Industries has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oxford Industries to earn $11.62 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 18.9%.
Oxford Industries Price Performance
OXM opened at $101.82 on Friday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.54 and a beta of 1.48. Oxford Industries has a 1-year low of $76.21 and a 1-year high of $119.50. The business has a 50 day moving average price of $100.90 and a two-hundred day moving average price of $96.89.
Analyst Ratings Changes
Insider Buying and Selling at Oxford Industries
In other news, Director Carol B. Yancey bought 500 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were bought at an average cost of $91.66 per share, with a total value of $45,830.00. Following the purchase, the director now directly owns 1,530 shares in the company, valued at $140,239.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Stephen S. Lanier sold 4,500 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $88.52, for a total value of $398,340.00. Following the transaction, the director now directly owns 72,664 shares of the company’s stock, valued at $6,432,217.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol B. Yancey purchased 500 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was bought at an average cost of $91.66 per share, for a total transaction of $45,830.00. Following the completion of the purchase, the director now directly owns 1,530 shares of the company’s stock, valued at approximately $140,239.80. The disclosure for this purchase can be found here. Insiders have sold a total of 10,500 shares of company stock valued at $942,370 in the last three months. 5.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Oxford Industries
Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after acquiring an additional 286 shares during the last quarter. Pathstone Family Office LLC increased its stake in shares of Oxford Industries by 13.0% in the third quarter. Pathstone Family Office LLC now owns 5,294 shares of the textile maker’s stock worth $475,000 after acquiring an additional 607 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Oxford Industries in the third quarter worth $449,000. PNC Financial Services Group Inc. increased its stake in shares of Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Oxford Industries by 3.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 3,533 shares of the textile maker’s stock worth $317,000 after acquiring an additional 129 shares during the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.
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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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