American Century Companies Inc. increased its stake in Oxford Industries, Inc. (NYSE:OXM – Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 595,107 shares of the textile maker’s stock after buying an additional 33,871 shares during the quarter. American Century Companies Inc. owned about 4.00% of Oxford Industries worth $24,126,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Allianz Asset Management GmbH grew its position in Oxford Industries by 122.9% in the third quarter. Allianz Asset Management GmbH now owns 122,599 shares of the textile maker’s stock valued at $4,970,000 after acquiring an additional 67,598 shares in the last quarter. LSV Asset Management lifted its position in shares of Oxford Industries by 1,769.2% during the third quarter. LSV Asset Management now owns 48,600 shares of the textile maker’s stock worth $1,970,000 after purchasing an additional 46,000 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of Oxford Industries by 226.6% in the second quarter. CenterBook Partners LP now owns 81,236 shares of the textile maker’s stock valued at $3,270,000 after purchasing an additional 56,360 shares during the period. Inspire Advisors LLC purchased a new position in shares of Oxford Industries in the second quarter valued at $2,086,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Oxford Industries by 63.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 439,276 shares of the textile maker’s stock valued at $17,681,000 after purchasing an additional 170,208 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries Trading Down 3.9%
OXM opened at $37.45 on Monday. Oxford Industries, Inc. has a 12-month low of $30.57 and a 12-month high of $64.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.62. The stock has a market capitalization of $557.26 million, a PE ratio of -113.48 and a beta of 1.05. The firm’s fifty day moving average price is $38.26 and its 200 day moving average price is $39.01.
Oxford Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Friday, January 16th. Oxford Industries’s dividend payout ratio (DPR) is -836.36%.
Insiders Place Their Bets
In other news, CEO Thomas Caldecot Chubb III acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $35.12 per share, with a total value of $175,600.00. Following the completion of the acquisition, the chief executive officer directly owned 22,709 shares in the company, valued at $797,540.08. This represents a 28.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
OXM has been the topic of several analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Thursday, December 11th. Truist Financial set a $38.00 target price on Oxford Industries in a research note on Wednesday, January 14th. UBS Group lifted their target price on Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wall Street Zen cut Oxford Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Citigroup reduced their price target on Oxford Industries from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $45.40.
Read Our Latest Stock Report on Oxford Industries
Oxford Industries Profile
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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