Ermenegildo Zegna N.V. (NYSE:ZGN - Get Free Report) saw strong trading volume on Wednesday . 3,126,755 shares traded hands during 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 firm has a market cap of $3.55 billion, a P/E ratio of 16.46 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. The stock's 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $8.17.
Ermenegildo Zegna Increases Dividend
The company also recently declared an annual dividend, which will be paid on Tuesday, July 29th. Investors of record on Monday, July 7th will be paid a dividend of $0.1361 per share. The ex-dividend date is Monday, July 7th. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a dividend yield of 1.5%.
Institutional Trading of Ermenegildo Zegna
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Ermenegildo Zegna in the first quarter worth approximately $1,161,000. Goldman Sachs Group Inc. boosted its holdings in Ermenegildo Zegna by 22.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company's stock valued at $995,000 after acquiring an additional 24,862 shares during the period. PharVision Advisers LLC bought a new position in Ermenegildo Zegna in the 1st quarter valued at $135,000. Millennium Management LLC increased its stake in Ermenegildo Zegna by 182.8% in the first quarter. Millennium Management LLC now owns 1,149,055 shares of the company's stock worth $8,503,000 after purchasing an additional 742,680 shares during the period. Finally, PDT Partners LLC increased its stake in Ermenegildo Zegna by 855.1% in the first quarter. PDT Partners LLC now owns 152,318 shares of the company's stock worth $1,127,000 after purchasing an additional 136,370 shares during the period. 12.91% of the stock is owned by hedge funds and other institutional investors.
Ermenegildo Zegna Company Profile
(
Get Free Report)
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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