Ermenegildo Zegna (ZGN) Expected to Announce Earnings on Thursday

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, June 26th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $918.69 million for the quarter.

Ermenegildo Zegna Stock Performance

NYSE:ZGN opened at $9.06 on Thursday. The company has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $8.15. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 17.08 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $12.15.

Ermenegildo Zegna Increases Dividend

The company 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 dividend of $0.1361 per share. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1.5%. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12.

Hedge Funds Weigh In On Ermenegildo Zegna

A number of institutional investors and hedge funds have recently modified their holdings of ZGN. Goldman Sachs Group Inc. grew its stake in shares of Ermenegildo Zegna by 22.7% during the first quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company's stock worth $995,000 after purchasing an additional 24,862 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Ermenegildo Zegna during the first quarter worth $1,161,000. Finally, Millennium Management LLC grew its stake in shares of Ermenegildo Zegna by 182.8% during 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 in the last quarter. Institutional investors and hedge funds own 12.91% of the company's stock.

Ermenegildo Zegna Company Profile

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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