American Century Companies Inc. Acquires 49,009 Shares of Oxford Industries, Inc. $OXM

Key Points

• American Century Companies Inc. increased its stake in Oxford Industries by 10.2%, holding approximately 3.56% of the company valued at $31 million.
• CEO Thomas Caldecot Chubb III purchased 6,500 shares of Oxford Industries, reflecting a 12.37% increase in his ownership position.
• The company's most recent earnings showed a revenue of $392.86 million, slightly exceeding expectations, despite a 1.3% decline from the previous year.

American Century Companies Inc. lifted its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 10.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,543 shares of the textile maker's stock after purchasing an additional 49,009 shares during the period. American Century Companies Inc. owned 3.56% of Oxford Industries worth $31,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Oxford Industries by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock worth $195,000 after purchasing an additional 185 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in Oxford Industries during the 4th quarter worth $213,000. Blueshift Asset Management LLC acquired a new stake in Oxford Industries during the 1st quarter worth $261,000. US Bancorp DE raised its stake in Oxford Industries by 67.2% during the 1st quarter. US Bancorp DE now owns 5,290 shares of the textile maker's stock worth $310,000 after buying an additional 2,127 shares during the period. Finally, ProShare Advisors LLC raised its stake in Oxford Industries by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock worth $352,000 after buying an additional 1,376 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Stock Up 5.3%

Shares of OXM traded up $2.3510 during midday trading on Friday, hitting $46.9210. The stock had a trading volume of 303,625 shares, compared to its average volume of 323,486. The company has a 50 day simple moving average of $42.38 and a two-hundred day simple moving average of $52.13. Oxford Industries, Inc. has a twelve month low of $36.25 and a twelve month high of $89.86. The firm has a market cap of $701.00 million, a price-to-earnings ratio of 9.11 and a beta of 1.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%.The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.66 EPS. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q2 2025 guidance at 1.050-1.250 EPS. On average, analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were given a $0.69 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.9%. Oxford Industries's payout ratio is currently 53.59%.

Wall Street Analysts Forecast Growth

OXM has been the topic of several research analyst reports. Citigroup dropped their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Zacks Research raised Oxford Industries to a "hold" rating in a research note on Monday, August 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Truist Financial dropped their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, June 12th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $55.80.

Insider Transactions at Oxford Industries

In related news, CEO Robert S. Trauber bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were acquired at an average price of $41.38 per share, with a total value of $413,800.00. Following the completion of the transaction, the chief executive officer owned 13,364 shares in the company, valued at $553,002.32. The trade was a 297.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Caldecot Chubb III bought 6,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $40.12 per share, for a total transaction of $260,780.00. Following the transaction, the chief executive officer owned 59,063 shares of the company's stock, valued at $2,369,607.56. The trade was a 12.37% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 16,818 shares of company stock worth $686,724. 6.00% of the stock is owned by company insiders.

Oxford Industries Company Profile

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; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.