Ermenegildo Zegna (NYSE:ZGN) Shares Acquired by Tabor Asset Management LP

Tabor Asset Management LP increased its position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 362.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 959,643 shares of the company's stock after buying an additional 751,930 shares during the period. Ermenegildo Zegna accounts for approximately 3.8% of Tabor Asset Management LP's holdings, making the stock its 10th biggest position. Tabor Asset Management LP owned about 0.24% of Ermenegildo Zegna worth $7,927,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZGN. SBI Securities Co. Ltd. bought a new position in shares of Ermenegildo Zegna during the 4th quarter worth about $28,000. Entropy Technologies LP acquired a new stake in Ermenegildo Zegna in the 4th quarter valued at about $84,000. Mirabella Financial Services LLP acquired a new stake in Ermenegildo Zegna in the 4th quarter valued at about $87,000. Aquatic Capital Management LLC acquired a new stake in Ermenegildo Zegna in the 4th quarter valued at about $144,000. Finally, Next Capital Management LLC acquired a new stake in Ermenegildo Zegna in the 4th quarter valued at about $151,000. 12.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TD Cowen started coverage on shares of Ermenegildo Zegna in a research note on Tuesday, February 18th. They issued a "hold" rating and a $10.00 target price on the stock.

Ermenegildo Zegna Stock Down 0.7%

ZGN traded down $0.06 during trading on Friday, reaching $8.42. 1,980,492 shares of the stock were exchanged, compared to its average volume of 704,644. The stock has a market cap of $3.43 billion, a P/E ratio of 15.89 and a beta of 0.72. Ermenegildo Zegna has a twelve month low of $6.05 and a twelve month high of $12.79. The stock's 50 day moving average price is $7.57 and its two-hundred day moving average price is $8.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41.

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 issued a $0.1361 dividend. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, July 7th. Ermenegildo Zegna's payout ratio is currently 22.64%.

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.