Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,968 shares of the company's stock, valued at approximately $229,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in Ermenegildo Zegna in the 1st quarter worth approximately $959,000. Osborne Partners Capital Management LLC purchased a new stake in Ermenegildo Zegna in the 1st quarter worth approximately $4,984,000. Handelsbanken Fonder AB boosted its position in Ermenegildo Zegna by 26.0% in the 1st quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company's stock worth $280,000 after purchasing an additional 7,800 shares in the last quarter. Vident Advisory LLC purchased a new stake in Ermenegildo Zegna in the 4th quarter worth approximately $126,000. Finally, Two Sigma Advisers LP boosted its position in Ermenegildo Zegna by 157.9% in the 4th quarter. Two Sigma Advisers LP now owns 467,000 shares of the company's stock worth $3,857,000 after purchasing an additional 285,900 shares in the last quarter. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Stock Performance
Ermenegildo Zegna stock traded down $0.03 during mid-day trading on Monday, hitting $9.14. The company had a trading volume of 134,140 shares, compared to its average volume of 1,033,001. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Ermenegildo Zegna N.V. has a 12-month low of $6.05 and a 12-month high of $11.52. The company's fifty day moving average is $8.79 and its 200-day moving average is $8.26. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.22 and a beta of 0.73.
Ermenegildo Zegna Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th will be given a $0.1361 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Ermenegildo Zegna's previous annual dividend of $0.12.
Ermenegildo Zegna Profile
(
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.
Further Reading
Before you consider Ermenegildo Zegna, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ermenegildo Zegna wasn't on the list.
While Ermenegildo Zegna currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access