American Century Companies Inc., a prominent investment management firm, has increased its position in Oxford Industries, Inc. (NYSE:OXM) during the first quarter of the fiscal year 2023. This information has been gathered from American Century Companies’ latest filing with the Securities and Exchange Commission (SEC), known as a 13F filing.
According to the filing, American Century Companies Inc. now owns 178,482 shares of Oxford Industries’ stock. This represents a 3.3% increase in their position since the previous quarter. The firm acquired an additional 5,746 shares during this period. At the end of the first quarter, American Century Companies Inc.’s total investment in Oxford Industries was valued at $18,343,000, accounting for approximately 1.13% of the company’s total worth.
Oxford Industries (NYSE:OXM) recently released its earnings results on Wednesday, June 7th for the given quarter. The textile maker impressed investors by reporting an earnings per share (EPS) of $3.78 for the quarter. This exceeded analysts’ consensus estimate of $3.74 by $0.04.
The company also generated revenue amounting to $420.10 million during this period, slightly higher than analyst estimates of $419.10 million. These positive financial results indicate that Oxford Industries is performing well and meeting or exceeding market expectations.
It is worth noting that Oxford Industries achieved a return on equity (ROE) of 32.20% and a net margin of 11.28% during this particular quarter—both impressive figures within the industry.
Looking ahead to future performance indicators, equities analysts forecast that Oxford Industries will post an EPS of 11.05 for the current fiscal year on average.
Investors are advised to monitor developments closely and stay updated with relevant news regarding Oxford Industries as it continues to demonstrate favorable financial performance and attract attention from institutions like American Century Companies Inc.
If you are interested in further analysis of Oxford Industries’ stock, be sure to check out our latest stock analysis, which will provide you with additional insights and information.
[bs_slider_forecast ticker=”OXM”]
Institutional Investors Show Interest in Oxford Industries as Hedge Funds and Analysts Assess Its Potential
In recent months, various hedge funds and institutional investors have been actively involved in buying and selling shares of Oxford Industries, a well-known textile maker. Steward Partners Investment Advisory LLC seized an opportunity to acquire a new stake in the company during the fourth quarter of last year, investing $25,000. Similarly, Coppell Advisory Solutions Corp. purchased a new stake in Oxford Industries during the same period, spending approximately $35,000. Ameritas Advisory Services LLC also jumped on board by obtaining a new stake worth about $53,000 in the first quarter of this year.
UBS Group AG displayed significant confidence in Oxford Industries by increasing its holdings by 51.4% during the third quarter. As a result, UBS Group AG now owns 501 shares of the company’s stock valued at $45,000 after purchasing an additional 170 shares. On another note, Bessemer Group Inc.’s position in Oxford Industries experienced exponential growth in the first quarter when it acquired an additional 555 shares. The firm now holds 614 shares of the textile maker’s stock valued at $65,000.
It is interesting to observe that institutional investors currently own a staggering 87.89% of Oxford Industries’ stock. This observation underscores the allure and intrigue surrounding the textile company for these investors who clearly see potential for growth and profitability.
As trading opened on Friday, September 2nd , OXM stock was priced at $100.93 per share. This figure is not far off from its fifty-day moving average price of $103.03 and slightly below its two-hundred-day moving average price of $105.69. Although some may perceive this as worrisome or indicative of a stagnant market value, it is important to remember that these figures are subject to fluctuation due to various market conditions.
Oxford Industries has experienced fluctuations in its stock value over the past year as well with a low point of $85.00 and a high of $123.37. This rollercoaster ride further highlights the volatility associated with investing in the stock market, as it can be challenging to predict when prices will dip or soar.
The overall market capitalization for Oxford Industries currently stands at $1.59 billion, a significant number that reflects the company’s standing within the industry. Furthermore, its price-to-earnings (P/E) ratio is 9.75, suggesting that investors may perceive it to be undervalued compared to its competitors. Additionally, the company has a beta of 1.51, indicating that it is more volatile than the overall market.
In conjunction with recent developments, Oxford Industries recently announced a quarterly dividend payment on Friday, July 28th. Shareholders who held stock on Friday, July 14th were entitled to receive a dividend amounting to $0.65 per share. The ex-dividend date was set as Thursday, July 13th . When calculated on an annual basis, this translates into a dividend payout ratio (DPR) of 25.12%, which signifies the proportion of earnings allocated towards rewarding shareholders.
Various brokerages have analyzed and commented on Oxford Industries’ performance as well. StockNews.com initiated coverage by assigning a “hold” rating to the company’s stock while UBS Group reduced its target price from $110.00 to $108.00, subsequently designating it as “neutral.” Citigroup also decreased their price target from $110.00 to $101.00 in early June this year.
Telsey Advisory Group echoed similar sentiments by maintaining a “market perform” rating and setting their price objective at $115.00 based on data from Bloomberg analysis Overall, these assessments indicate mixed views among analysts regarding Oxford Industries’ future performance and potential for growth.
In conclusion, Oxford Industries has garnered attention from hedge funds and institutional investors due to its strong market presence and potential for growth. The recent activity has resulted in diverse opinions from various brokerages, with some displaying more optimism than others. As the textile maker navigates through uncertain market conditions, only time will tell if it can prove itself worthy of the confidence bestowed upon it by these investors.
