American Century Companies Inc. Purchases 72,605 Shares of Oxford Industries, Inc. (NYSE:OXM)

American Century Companies Inc. lifted its position in shares of Oxford Industries, Inc. (NYSE:OXM) by 25.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,940 shares of the textile maker’s stock after purchasing an additional 72,605 shares during the quarter. American Century Companies Inc. owned about 2.31% of Oxford Industries worth $36,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC boosted its holdings in shares of Oxford Industries by 161.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock valued at $1,704,000 after buying an additional 9,363 shares in the last quarter. Boston Partners purchased a new stake in Oxford Industries in the first quarter worth about $990,000. Vanguard Group Inc. grew its holdings in Oxford Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock worth $198,672,000 after purchasing an additional 4,869 shares during the period. Nebula Research & Development LLC bought a new position in shares of Oxford Industries during the fourth quarter valued at approximately $761,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Oxford Industries during the first quarter valued at approximately $2,056,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Price Performance

NYSE OXM opened at $85.52 on Wednesday. Oxford Industries, Inc. has a one year low of $74.95 and a one year high of $113.88. The stock has a 50-day moving average of $92.48 and a 200 day moving average of $100.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.27. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 34.62 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The company had revenue of $419.89 million for the quarter, compared to analysts’ expectations of $438.16 million. During the same period in the previous year, the firm earned $3.45 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Oxford Industries, Inc. will post 7.15 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, October 18th. Oxford Industries’s payout ratio is currently 108.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on OXM. Telsey Advisory Group reduced their price objective on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Citigroup lowered their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Finally, UBS Group cut their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $90.40.

About Oxford Industries

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.