American Century Companies Inc. Has $18.34 Million Position in Oxford Industries, Inc. (NYSE:OXM)

Posted by Defense World Staff on Sep 1st, 2023

American Century Companies Inc. lifted its position in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,482 shares of the textile maker’s stock after acquiring an additional 5,746 shares during the period. American Century Companies Inc. owned approximately 1.13% of Oxford Industries worth $18,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in Oxford Industries in the fourth quarter worth $25,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Oxford Industries in the fourth quarter worth about $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Oxford Industries during the first quarter worth about $53,000. UBS Group AG lifted its holdings in shares of Oxford Industries by 51.4% during the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 170 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Oxford Industries by 940.7% in the 1st quarter. Bessemer Group Inc. now owns 614 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 555 shares during the period. Institutional investors own 87.89% of the company’s stock.

Oxford Industries Stock Down 0.4 %

Shares of OXM stock opened at $100.93 on Friday. The firm’s fifty day moving average price is $103.03 and its two-hundred day moving average price is $105.69. The company has a current ratio of 1.35, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. Oxford Industries, Inc. has a 1 year low of $85.00 and a 1 year high of $123.37. The firm has a market capitalization of $1.59 billion, a P/E ratio of 9.75 and a beta of 1.51.

Oxford Industries (NYSE:OXM – Get Free Report) last released its earnings results on Wednesday, June 7th. The textile maker reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.04. The business had revenue of $420.10 million for the quarter, compared to analyst estimates of $419.10 million. Oxford Industries had a return on equity of 32.20% and a net margin of 11.28%. On average, equities analysts predict that Oxford Industries, Inc. will post 11.05 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a $0.65 dividend. The ex-dividend date was Thursday, July 13th. This represents a $2.60 annualized dividend and a yield of 2.58%. Oxford Industries’s dividend payout ratio (DPR) is currently 25.12%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OXM. StockNews.com assumed coverage on shares of Oxford Industries in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. UBS Group reduced their target price on shares of Oxford Industries from $110.00 to $108.00 and set a “neutral” rating for the company in a research note on Wednesday, August 23rd. Citigroup dropped their price target on Oxford Industries from $110.00 to $101.00 in a research note on Thursday, June 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price objective on shares of Oxford Industries in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Oxford Industries has a consensus rating of “Hold” and an average target price of $121.50.

Get Our Latest Stock Analysis on Oxford Industries

Insider Buying and Selling

In other Oxford Industries news, Director Dennis M. Love sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $104.58, for a total value of $97,154.82. Following the sale, the director now owns 15,994 shares in the company, valued at $1,672,652.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Oxford Industries news, Director Dennis M. Love sold 929 shares of Oxford Industries stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $104.58, for a total transaction of $97,154.82. Following the completion of the transaction, the director now directly owns 15,994 shares of the company’s stock, valued at $1,672,652.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis M. Love sold 1,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $103.41, for a total transaction of $103,410.00. Following the completion of the transaction, the director now owns 16,923 shares in the company, valued at $1,750,007.43. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

Oxford Industries Profile

(Free Report)

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.