Ermenegildo Zegna N.V. (NYSE:ZGN - Get Free Report) saw an uptick in trading volume on Wednesday . 3,126,755 shares traded hands during mid-day trading, an increase of 308% from the previous session's volume of 766,427 shares.The stock last traded at $8.68 and had previously closed at $8.84.
Ermenegildo Zegna Price Performance
The business's 50 day moving average is $8.41 and its two-hundred day moving average is $8.18. The firm has a market capitalization of $3.47 billion, a PE ratio of 16.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 0.80.
Ermenegildo Zegna Increases Dividend
The business also recently announced an annual dividend, which will be paid on Tuesday, July 29th. Investors of record on Monday, July 7th will be paid a $0.1361 dividend. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 7th. Ermenegildo Zegna's dividend payout ratio (DPR) is currently 26.42%.
Institutional Investors Weigh In On Ermenegildo Zegna
A number of institutional investors and hedge funds have recently bought and sold shares of ZGN. Invesco Ltd. grew its position in Ermenegildo Zegna by 10.0% during the fourth quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock valued at $52,750,000 after acquiring an additional 581,696 shares during the last quarter. Public Investment Fund grew its position in Ermenegildo Zegna by 57.3% during the fourth quarter. Public Investment Fund now owns 5,834,324 shares of the company's stock valued at $48,192,000 after acquiring an additional 2,124,128 shares during the last quarter. FIL Ltd grew its position in Ermenegildo Zegna by 18.0% during the fourth quarter. FIL Ltd now owns 1,672,992 shares of the company's stock valued at $13,819,000 after acquiring an additional 255,079 shares during the last quarter. Millennium Management LLC grew its position in Ermenegildo Zegna by 182.8% during the first quarter. Millennium Management LLC now owns 1,149,055 shares of the company's stock valued at $8,503,000 after acquiring an additional 742,680 shares during the last quarter. Finally, Tabor Asset Management LP grew its position in Ermenegildo Zegna by 362.0% during the fourth quarter. Tabor Asset Management LP now owns 959,643 shares of the company's stock valued at $7,927,000 after acquiring an additional 751,930 shares during the last quarter. 12.91% of the stock is owned by hedge funds and other institutional investors.
About Ermenegildo Zegna
(
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Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
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