Oxford Industries Inc (OXM) Trading 5.6% Higher After Dividend Announcement

Oxford Industries Inc (NYSE:OXM) rose 5.6% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $56.62 and last traded at $56.43, with a volume of 794,508 shares. The stock had previously closed at $53.46.

The newly announced dividend which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. Oxford Industries’s payout ratio is presently 30.00%.

OXM has been the subject of a number of recent research reports. Citigroup Inc lowered their target price on Oxford Industries to $64.00 in a report on Friday. B. Riley reaffirmed a “buy” rating and issued a $74.00 target price on shares of Oxford Industries in a report on Saturday, December 10th. DA Davidson set a $81.00 target price on Oxford Industries and gave the stock a “buy” rating in a report on Wednesday, November 30th. Wunderlich reaffirmed a “buy” rating and issued a $80.00 target price on shares of Oxford Industries in a report on Friday, January 13th. Finally, TheStreet cut Oxford Industries from a “b-” rating to a “c+” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.75.

The company has a market capitalization of $946.33 million, a P/E ratio of 15.66 and a beta of 0.42. The firm’s 50 day moving average is $54.88 and its 200 day moving average is $61.90.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.29. The business had revenue of $261 million for the quarter, compared to the consensus estimate of $267.28 million. Oxford Industries had a net margin of 5.87% and a return on equity of 17.54%. Oxford Industries’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. Equities analysts expect that Oxford Industries Inc will post $3.59 EPS for the current year.

A number of large investors have recently bought and sold shares of OXM. Municipal Employees Retirement System of Michigan raised its stake in Oxford Industries by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,360 shares of the company’s stock valued at $295,000 after buying an additional 60 shares in the last quarter. Texas Permanent School Fund raised its stake in Oxford Industries by 0.8% in the third quarter. Texas Permanent School Fund now owns 11,369 shares of the company’s stock valued at $770,000 after buying an additional 94 shares in the last quarter. Arizona State Retirement System raised its stake in Oxford Industries by 1.3% in the third quarter. Arizona State Retirement System now owns 7,755 shares of the company’s stock valued at $525,000 after buying an additional 100 shares in the last quarter. BlackRock Group LTD raised its stake in Oxford Industries by 0.9% in the third quarter. BlackRock Group LTD now owns 30,986 shares of the company’s stock valued at $2,098,000 after buying an additional 270 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Oxford Industries by 3.5% in the third quarter. Great West Life Assurance Co. Can now owns 19,778 shares of the company’s stock valued at $1,338,000 after buying an additional 667 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

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Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.

5 Day Chart for NYSE:OXM

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