Shares of Ermenegildo Zegna (NYSE:ZGN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,589,382 shares traded hands during trading, an increase of 248% from the previous session's volume of 743,719 shares.The stock last traded at $8.85 and had previously closed at $8.65.
Wall Street Analysts Forecast Growth
Separately, TD Cowen began coverage on Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price target on the stock.
View Our Latest Analysis on ZGN
Ermenegildo Zegna Trading Up 0.1%
The firm has a market capitalization of $3.53 billion, a P/E ratio of 16.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The firm has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $8.13.
Ermenegildo Zegna Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be given a $0.1361 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Monday, July 7th. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. Ermenegildo Zegna's dividend payout ratio (DPR) is 22.64%.
Institutional Trading of Ermenegildo Zegna
A number of institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Ermenegildo Zegna during the fourth quarter valued at $28,000. Quarry LP acquired a new stake in Ermenegildo Zegna during the first quarter valued at $43,000. Handelsbanken Fonder AB raised its holdings in Ermenegildo Zegna by 26.0% during the first quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company's stock valued at $280,000 after buying an additional 7,800 shares in the last quarter. Entropy Technologies LP raised its holdings in Ermenegildo Zegna by 95.2% during the first quarter. Entropy Technologies LP now owns 19,892 shares of the company's stock valued at $147,000 after buying an additional 9,700 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in Ermenegildo Zegna during the fourth quarter valued at about $87,000. Institutional investors and hedge funds own 12.91% of the company's stock.
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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