American Century Companies Inc. Acquires 30,894 Shares of Oxford Industries, Inc. (NYSE:OXM)

Posted by on Jun 8th, 2023

American Century Companies Inc. lifted its stake in Oxford Industries, Inc. (NYSE:OXM – Get Rating) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,736 shares of the textile maker’s stock after buying an additional 30,894 shares during the period. American Century Companies Inc. owned approximately 1.10% of Oxford Industries worth $16,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new position in Oxford Industries in the 4th quarter valued at $43,000. UBS Group AG lifted its position in Oxford Industries by 51.4% during the third quarter. UBS Group AG now owns 501 shares of the textile maker’s stock worth $45,000 after purchasing an additional 170 shares during the period. Lazard Asset Management LLC lifted its position in Oxford Industries by 60.5% during the first quarter. Lazard Asset Management LLC now owns 1,112 shares of the textile maker’s stock worth $100,000 after purchasing an additional 419 shares during the period. Tower Research Capital LLC TRC grew its stake in Oxford Industries by 193.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,421 shares of the textile maker’s stock worth $128,000 after buying an additional 936 shares in the last quarter. Finally, KBC Group NV increased its holdings in Oxford Industries by 29.9% in the 3rd quarter. KBC Group NV now owns 1,977 shares of the textile maker’s stock valued at $177,000 after buying an additional 455 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

Insider Activity

In related news, Director Dennis M. Love sold 1,000 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $105.93, for a total value of $105,930.00. Following the completion of the sale, the director now owns 15,892 shares of the company’s stock, valued at $1,683,439.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $125.00 price target on shares of Oxford Industries in a report on Friday, March 24th. StockNews.com started coverage on Oxford Industries in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Oxford Industries Trading Up 3.7 %

NYSE:OXM opened at $107.21 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.41 and a current ratio of 1.23. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 10.55 and a beta of 1.55. The firm has a 50-day moving average price of $103.71 and a two-hundred day moving average price of $107.31. Oxford Industries, Inc. has a 52 week low of $82.14 and a 52 week high of $123.37.

Oxford Industries (NYSE:OXM – Get Rating) last released its quarterly earnings data on Thursday, March 23rd. The textile maker reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.14. Oxford Industries had a net margin of 11.74% and a return on equity of 33.13%. The business had revenue of $382.48 million during the quarter, compared to analyst estimates of $377.38 million. During the same period in the previous year, the business earned $1.68 EPS. Oxford Industries’s revenue was up 27.5% compared to the same quarter last year. On average, equities analysts expect that Oxford Industries, Inc. will post 11.77 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were issued a $0.65 dividend. The ex-dividend date was Thursday, April 13th. This represents a $2.60 annualized dividend and a dividend yield of 2.43%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.55. Oxford Industries’s payout ratio is currently 25.59%.

Oxford Industries Company Profile

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Oxford Industries, Inc engages in the design, sourcing, marketing, and distribution of apparel products. Its brands include Tommy Bahama, Lilly Pulitzer, Southern Tide, Johnny Was, TBBC, and Duck Head. The company was founded by John Hicks Lanier and Sartain Lanier in 1942 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Oxford Industries (NYSE:OXM)

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