American Century Companies Inc. purchased a new stake in shares of Oxford Industries Inc (NYSE:OXM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 68,189 shares of the textile maker’s stock, valued at approximately $5,084,000. American Century Companies Inc. owned 0.41% of Oxford Industries at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of OXM. Bank of Montreal Can lifted its position in Oxford Industries by 4,338.4% during the 4th quarter. Bank of Montreal Can now owns 21,038 shares of the textile maker’s stock valued at $1,582,000 after acquiring an additional 20,564 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Oxford Industries by 9.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 126,460 shares of the textile maker’s stock worth $9,509,000 after buying an additional 10,877 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Oxford Industries by 444.4% in the fourth quarter. Acadian Asset Management LLC now owns 62,035 shares of the textile maker’s stock worth $4,664,000 after buying an additional 50,639 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Oxford Industries in the fourth quarter worth about $3,512,000. Finally, Chicago Equity Partners LLC purchased a new position in Oxford Industries in the fourth quarter worth about $1,517,000. 86.56% of the stock is owned by institutional investors.
In other news, CEO Thomas Caldecot Chubb III sold 3,500 shares of Oxford Industries stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $76.97, for a total value of $269,395.00. Following the completion of the sale, the chief executive officer now directly owns 114,514 shares in the company, valued at $8,814,142.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott Grassmyer sold 4,665 shares of Oxford Industries stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $77.65, for a total transaction of $362,237.25. Following the completion of the sale, the chief financial officer now owns 36,440 shares of the company’s stock, valued at $2,829,566. The disclosure for this sale can be found here. Insiders sold 13,165 shares of company stock valued at $1,016,482 over the last quarter. Company insiders own 2.07% of the company’s stock.
Several research analysts have issued reports on OXM shares. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, March 27th. Citigroup reaffirmed a “buy” rating and issued a $90.00 target price on shares of Oxford Industries in a report on Wednesday, April 18th. ValuEngine raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. SunTrust Banks set a $90.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a report on Thursday, March 29th. Finally, DA Davidson set a $91.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a report on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Oxford Industries currently has an average rating of “Buy” and a consensus price target of $83.33.
Shares of OXM stock opened at $81.50 on Friday. Oxford Industries Inc has a 52 week low of $52.89 and a 52 week high of $84.32. The company has a market capitalization of $1.33 billion, a PE ratio of 22.27 and a beta of 0.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.75 and a quick ratio of 0.81.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, March 28th. The textile maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. Oxford Industries had a net margin of 5.99% and a return on equity of 15.02%. The firm had revenue of $293.00 million during the quarter, compared to analyst estimates of $293.19 million. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts anticipate that Oxford Industries Inc will post 4.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 4th. Stockholders of record on Friday, April 20th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, April 19th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.27. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.67%. Oxford Industries’s payout ratio is currently 37.16%.
Oxford Industries Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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 under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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