The company licenses the Tommy Bahama brand for various products. including indoor and outdoor furniture, beach chairs, bedding and bath linens, fabrics, leather goods and gifts, headwear, hosiery, sleepwear, shampoo, toiletries, fragrances, cigar accessories, distilled spirits and other products. It licenses the Lilly Pulitzer brand for stationery and gift products, home furnishing products and eyewear, and the Southern Tide brand for bed and bath products.
Oxford Industries offers products through its retail stores and e-commerce sites, department stores, specialty stores, multi-branded e-commerce retailers, off-price retailers and other retailers. It operates 187 brand-specific full-price retail stores, 20 Tommy Bahama food and beverage locations and 35 Tommy Bahama outlet stores.
The company is scheduled to report earnings this week.
Investors currently receive a 1.94% yield. The $0.55 per share dividend is expected to increase to $0.58. The KeyCorp price target is $130, and Oxford Industries stock has a consensus target of $125. Monday’s closing share price was $115.60.
Shoe Carnival
If there is one item that never goes out of favor, it is shoes and accessories, and with a huge selection, this stock has solid upside potential. Shoe Carnival Inc. (NASDAQ: SCVL) operates as a family footwear retailer in the United States.
The company offers various dress, casual and athletic footwear products for men, women and children. Accessories include socks, belts, shoe care items, handbags, hats, sport bags, backpacks, water bottles and wallets. As of January 30, 2021, the company operated 383 stores in 35 states and Puerto Rico. It also sells its products online and through mobile applications.
The current dividend yield is 1.46%. The company is expected to lift the dividend to $0.11 from $0.09. The $44 price objective at Seaport Securities accompanies a Strong Buy rating, and that target is about two dollars greater than the consensus figure. Monday’s final trade was for $23.09 a share.
TJX Companies
Wall Street loves this off-price retailer. TJX Companies Inc. (NYSE: TJX) operates as an off-price apparel and home fashions retailer. It sells family apparel, including footwear and accessories, and home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop and cookware, as well as expanded pet, kids and gourmet food departments. It also offers fine jewelry and accessories, as well as other merchandise.
As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra and 39 HomeSense stores (as well as websites) in the United States. It also operated 293 Winners, 147 HomeSense and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores in Europe; and 68 T.K. Maxx stores in Australia.
TJX Companies stock investors receive a 1.58% dividend. The expected dividend hike is to $0.3325 from $0.2950. The $95 J.P. Morgan target price is well above both the $86.32 consensus target and the most recent close for TJX Companies stock at $75.40.
These four top stocks are rated Buy across Wall Street, and the dividends paid to shareholders are expected to increase this week. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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